EURUSD: SELL 1.1340, SL 1.1360, TP 1.1280 | 22 May 2025
22 May 2025, EUR/USD
The euro continued to strengthen against the dollar, with the price action developing in line with the previously outlined scenario. It appears that an extension is forming in wave 3 of the upward impulse. Currently, a leading diagonal may be unfolding as the first sub-wave. If this is the case, we should expect a corrective pullback from the current levels toward the lower boundary of the proposed diagonal pattern. Therefore, short-term sell trades from current market levels could be considered. Investment idea: SELL 1.1340, SL 1.1360, TP 1.1280.
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.
