EURUSD: SELL 1.1190, SL 1.1215, TP 1.1000 | 12 May 2025

The euro remains under pressure, gradually declining and losing previously reached price levels. Currently, this downward movement is viewed as a correction, which appears to be taking the shape of a double zigzag pattern. In this structure, the first part — wave w — and the connecting wave x have already formed. It is also quite possible that wave a of the second part has been completed. If this is correct, a minor corrective rebound may occur soon, followed by a renewed decline. Therefore, additional short positions are recommended to be opened upon a breakout of the low set by wave a of y. Investment idea: SELL 1.1190, SL 1.1215, TP 1.1000.