EURUSD: SELL 1.1555, SL 1.1580, TP 1.1400 | 21 July 2025
21 July 2025, EUR/USD
The euro did not want to give up its positions without a fight. As a result, buyers made a desperate attempt to regain the initiative, but the element of surprise did not last long. The sharp rise was immediately followed by a decline, which, however, took much more time. Nevertheless, the price returned to the previously established low.
Currently, these price swings are being viewed as corrective wave 2 in an emerging downward impulse.
If this is indeed the case, after a slight pullback upwards, a decisive decline will occur, during which wave 3 will be formed. In this regard, it is recommended to wait for a breakout of the local low in order to start active market sales.
Investment idea: SELL 1.1555, SL 1.1580, TP 1.1400.
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.
