EURUSD: SELL 1.1370, SL 1.1390, TP 1.1270 | 28 May 2025
28 May 2025, EUR/USD
The euro has continued its rise as expected. However, the previously anticipated targets have not been reached and are unlikely to be achieved in the near term. It is likely that the formation of the diagonal triangle has been completed in the shape currently observed. We are now seeing the price starting to decline, indicating the beginning of a correction that may continue to develop over the coming days and possibly throughout the current trading week. Therefore, it is recommended to close previously opened long positions and start considering short positions with modest targets. Investment idea: SELL 1.1370, SL 1.1390, TP 1.1270.
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.
