EURUSD: SELL 1.1680, SL 1.1710, TP 1.1550 | 01 July 2025

01 July 2025, EUR/USD

EURUSD: SELL 1.1680, SL 1.1710, TP 1.1550

The euro made another attempt to break above the previously established local high, but as soon as the price did so, sellers quickly stepped in and halted further upward movement. This may indicate the completion of the final wave 5 within a diagonal triangle. If so, we could see a reversal and a decline toward the lower boundary of the pattern. However, we can't rule out the possibility of buyers making another push to break higher. Therefore, it’s best not to rush into any trading decisions. Still, since the overall situation leans more toward a downward move, it may be worth considering a sell if the local low is broken. Investment idea: SELL 1.1680, SL 1.1710, TP 1.1550.


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.
Bob Stan
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