EURUSD: SELL 1.1630, SL 1.1655, TP 1.1560 | 21 Agustus 2025
21 Agustus 2025, EUR/USD
The euro remains under pressure. During the previous trading day, there was an attempt to seize the initiative, but it failed, and the price quickly dropped, updating the local low.
The observed decline is presumably unfolding as part of a corrective structure in the form of a zigzag.
At the moment, the final part of this pattern, wave C, is developing. Since this wave takes the form of an impulse, we should expect a small correction in the near future, after which the price is likely to continue moving lower.
In this regard, it is recommended to keep previously opened short positions active, while also considering the possibility of adding new trades.
Investment idea: SELL 1.1630, SL 1.1655, TP 1.1560.
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.
