EURUSD: SELL 1.1580, SL 1.1610, TP 1.1300 | 18 June 2025
18 June 2025, EUR/USD
Recent price behavior on the EUR/USD pair has been rather indecisive and lacks the clarity typically associated with strong directional moves. Based on the current wave structure, the upward movement that began around May 12 does not appear to be impulsive in nature. Instead, it likely consists of a series of corrective threes, forming what looks to be a completed double zigzag — a component of a larger corrective pattern.
The latest upswing observed today is likely a corrective bounce that follows a prior impulsive decline. If this interpretation is correct, we are now on the brink of a new bearish impulse, possibly forming the third wave of a larger downward structure.
In this context, it would be reasonable to consider initiating short positions at the current market price, with a protective stop-loss placed just above the recent local high. Investment idea: SELL at 1.1580, Stop Loss at 1.1610, Take Profit at 1.1300
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.
