EURUSD: SELL 1.1760, SL 1.1790, TP 1.1630 | 08 Julio 2025
08 Julio 2025, EUR/USD
The anticipated decline in this currency pair has begun. At the very least, we can now identify a leading diagonal, which may represent wave a in a simple zigzag. This pattern typically signals a strong move in the direction of its formation — in this case, downward. Currently, the price is moving upward, presumably as a corrective wave b following the completed diagonal. If this is correct, we can expect further development of wave b, meaning the price may rise a bit more in the short term. After that, an impulsive decline is expected, during which wave c of the zigzag will unfold. Investment idea: SELL 1.1760, SL 1.1790, TP 1.1630.
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.
