EURUSD: FLAT | 31 July 2025
31 July 2025, EUR/USD
The market has fully worked out the previously formed signal from the initial diagonal triangle, which is considered as wave a in a simple zigzag. Buyers resisted for quite some time, trying their best to push the price as high as possible. However, they lacked the strength to update the high. As a result, the price plummeted downwards.
Thus, wave C has likely been almost fully formed. Only a couple of internal waves are missing for its complete formation — one corrective and one impulsive. However, the potential for further decline is not seen as significant, so it is recommended to start closing previously opened sell trades.
In the future, it may be possible to consider buying opportunities, but until wave C is fully formed, it is not recommended to look for entry points for long positions.
Investment idea: FLAT.
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.
