EURUSD: SELL 1.1190, SL 1.1220, TP 1.1000 | 13 May 2025
13 May 2025, EUR/USD
The situation for this currency pair continues to develop according to the previously outlined plan. Currently, it is assumed that a correction is underway, likely taking the form of a double zigzag. Within this structure, the final part — an impulsive decline in wave c of y — still needs to be completed. However, it is also possible that wave b of y has not yet finished, which could lead to some sideways movement in a narrow price range for a while. For a safer entry, it is recommended to wait for a breakout below the low formed by wave a of y. Investment idea: SELL 1.1190, SL 1.1220, TP 1.1000.
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.
