EURUSD: SELL 1.1770, SL 1.1800, TP 1.1580 | 03 July 2025

The anticipated scenario is unfolding as expected. The price resumed its upward movement and updated the current year’s high. Along the way, it also reached the upper boundary or channel within which the diagonal triangle had been forming. This wave pattern now appears to be fully complete, and we are already seeing the first reaction from sellers — the price has started to pull back. As a result, a decline is likely in the near future, which may develop into either a large correction or a downward impulse. In any case, the current setup offers a promising opportunity to enter short positions. Investment idea: SELL 1.1770, SL 1.1800, TP 1.1580.