EURUSD: SELL 1.1675, SL 1.1700, TP 1.1400 | 24 July 2025
24 July 2025, EUR/USD
The price stubbornly refuses to decline. This persistence is bearing fruit for buyers. The price is rising again. However, this growth is still considered part of the forming correction, which takes the form of a zigzag. It is possible that wave b is currently developing within this wave pattern.
The price may continue to rise for some time, but then there is a high probability of an impulsive decline within the development of wave c. In this situation, it is necessary to wait for the downward movement to begin and enter sell trades upon a breakout of the local low at 1.1675.
Investment idea: SELL 1.1675, SL 1.1700, 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.
