EURUSD: SELL 1.1650, SL 1.1670, TP 1.1590 | 05 September 2025
05 September 2025, EUR/USD
The currency pair continues forming a correction, which is likely taking the shape of a triple three pattern. During the past day, an upward attempt was made, but this rally appears to be false. Consequently, a reversal to the downside is expected in the near future.
The anticipated decline is considered the final wave within wave z, indicating an upcoming upward move. However, it cannot be ruled out that the pattern has already formed, and the price may continue rising from current levels.
To protect against this scenario, short positions are recommended to be opened below the 1.1650 level.
Investment idea: SELL 1.1650, SL 1.1670, TP 1.1590
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.
