EURUSD: SELL 1.1660, SL 1.1690, TP 1.1530 | 12 July 2025

Selling pressure on the euro has intensified again, and the price is heading downward. The current wave structure has been slightly adjusted. The updated scenario suggests that this decline marks the beginning of a new downward impulse. In this pattern, wave 1 has taken the form of a leading diagonal, which signals a potentially strong continuation to the downside. Moreover, wave 2 appears to have already completed, which means the current move lower is wave 3. This movement could turn out to be strong and sustained, making it a favorable time to consider opening short positions at current market levels. Investment idea: SELL 1.1660, SL 1.1690, TP 1.1530.