EURUSD: SELL 1.1650, SL 1.1685, TP 1.1450 | 16 July 2025
16 July 2025, EUR/USD
The price decline is cascading without any sharp jumps. It looks very much like the development of wave 1, which takes the form of an initial diagonal triangle, is still continuing. Currently, the formation of corrective wave 2 is presumably underway.
As part of the development of this wave, we may see another attempt to rise in the near future, but this will be a deceptive maneuver before the start of the decline in wave 3, which promises to be quite strong.
In this regard, it is recommended to continue considering the current situation for opening short positions. To do this, it is necessary to wait for the breakdown of the local low.
Investment idea: SELL 1.1650, SL 1.1685, TP 1.1450.
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.
