EURUSD: SELL 1.1600, TP 1.1625, TP 1.1450 | 13 August 2025
13 August 2025, EUR/USD
The upward movement, which currently shows a three-wave structure, seems likely to retain this format. This indicates that the movement is not impulsive but rather a simple corrective zigzag pattern. This conclusion is supported by an unsuccessful growth attempt that formed a converging horizontal triangle as wave four.
Now, it appears that an impulsive decline is forthcoming. The large correction, initially appearing as a simple zigzag, seems to be evolving into a more complex structure. Clarity on this will emerge later.
For now, it is advisable to shift from a bullish to a bearish outlook and consider entering sell trades at current market levels.
Investment idea: SELL 1.1600, TP 1.1625, 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.
