EURUSD: SELL 1.1630, SL 1.1650, TP 1.1500 | 28 August 2025
28 August 2025, EUR/USD
As previously noted, such a rapid surge in activity often results in a reversal. After a powerful rally, the price suddenly reversed and initially drifted lower at a slow pace, clearly indicating a corrective nature of the decline. However, sellers gained momentum and, applying strong pressure, nearly returned the price to its initial level following the explosive rally.
But this is likely not the end. The current situation suggests that further downside movement is probable in the near term, driven by the formation of wave C in the flat pattern.
The movement potential allows for entering short positions at current market levels.
Investment idea: SELL 1.1630, SL 1.1650, TP 1.1500
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.
