EURUSD: SELL 1.1330, SL 1.1370, TP 1.1000 | 08 May 2025
08 May 2025, EUR/USD
As expected, the correction continued. Throughout the entire trading day, the price barely moved, remaining at previous levels. Today's session is also unlikely to bring any significant developments. The price may rise slightly before beginning a directed impulsive decline. This behavior is due to the ongoing formation of a correction. Currently, the correction appears to be taking the form of a double zigzag, with the second part still missing. For this reason, a price decline is anticipated. Thus, opening short positions could turn out to be a promising decision. Investment idea: SELL 1.1330, SL 1.1370, 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.
