EURUSD: SELL 1.1000, SL 1.1050, TP 1.0730 | 09 Abril 2025
09 Abril 2025, EUR/USD
The anticipated continuation of growth did not materialize. Any attempt to move upwards was quickly thwarted, leaving the price no choice but to settle at its current values. The new trading day will likely feature another attempt at impulsive growth, but this time, it will yield little of substance. The price will grow slightly, followed by strong pressure from the dollar, leading to a substantial downward movement.
This scenario is predicated on the presumption that the formation of an impulse, constituting Wave 3, has concluded. The expected decline, in this context, will constitute the corrective Wave 4, which by default is viewed as a zigzag. The first wave of this zigzag is currently developing, marking the inception of this movement.
Investment idea: SELL 1.1000, SL 1.1050, TP 1.0730.
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.
