EURUSD: SELL 1.1290, SL 1.1350, TP 1.1000 | 06 May 2025
06 May 2025, EUR/USD
The current situation is still being viewed as a downward correction, which retains potential for further development. An aggressive attempt by buyers to influence the market failed, indicating a high probability of further price decline. We might soon see the development of a clearer downward impulsive movement. Therefore, it would be wise to prepare for selling opportunities — either by waiting for a breakout below the current local low at 1.1290 or by entering short positions at current market levels. Investment idea: SELL 1.1290, SL 1.1350, TP 1.1000.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
