EURUSD: SELL 1.1710, SL 1.1745, TP 1.1450 | 28 July 2025
28 July 2025, EUR/USD
Contrary to expectations, the euro continued to rise. However, the price remains within the forming correction. It is possible that this is still the formation of wave b, with the предполагаемой correction taking the form of a simple zigzag.
Currently, there is another attempt by sellers to seize the initiative. It is quite possible that this time they will succeed. Then we may see an impulsive downward movement driven by the formation of wave c. The movement potential remains quite significant, and it is worth trying to take advantage of this.
Sell trades should be opened upon a breakout of the local low at 1.1710.
Investment idea: SELL 1.1710, SL 1.1745, 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.
