EURUSD: SELL 1.1375, SL 1.1400, TP 1.1270 | 11 June 2025

The price is moving into a correction phase, which is quite acceptable given the current market situation. Earlier, it was assumed that an initial diagonal triangle had completed its development within an emerging ascending impulsive movement. Now this model needs to be adjusted, which the market intends to do.A decline in the form of a zigzag pattern is expected, where possibly the first part has been completed and now the second wave of this three-wave structure is being formed. In the near future, the price may remain within a certain range for some time before beginning an impulsive downward move in the final section.Therefore, opening sell trades in this scenario is recommended upon updating the local minimum.

Investment idea: SELL 1.1375, SL 1.1400, TP 1.1270.