EURUSD: SELL 1.1390, SL 1.1420, TP 1.1280 | 10 June 2025

The current situation for the EUR/USD pair is interpreted as the completion of an ending diagonal pattern. The ongoing decline is thus expected to be corrective in nature, with the euro likely to continue giving up its recently gained ground. The correction is anticipated to unfold as a zigzag, although a more complex structure cannot be ruled out. In either case, further downside is expected, which makes short positions the preferred strategy in the near term. Short trades may be opened at current market levels and held at least until the lower boundary of the prior diagonal formation. Investment idea: SELL 1.1390, SL 1.1420, TP 1.1280.