EURUSD: SELL 1.1280, SL 1.1310, TP 1.1150 | 09 May 2025

The situation with the currency pair continues to unfold according to the previously outlined wave scenario. An upward impulse had formed earlier, culminating with an ending diagonal triangle in wave 5, after which a decline began, smoothly transitioning into sideways movement within a narrow price range. During the last trading session, the price rebounded from the upper boundary of the channel and immediately reached the opposite side. It is likely that the price will break lower, triggering a sharp downward impulse. Under these conditions, it is worth seriously considering opening short positions at current market prices. Investment idea: SELL 1.1280, SL 1.1310, TP 1.1150.