EURUSD: SELL 1.0840, SL 1.0860, TP 1.0800 | 17 March 2025
17 March 2025, EUR/USD
The dollar managed to halt the impulsive upward movement of the unexpectedly aggressive euro. Initially, much effort was expended to quell all the opponent's urges, after which pressure began to mount, leading to a gradual and steady decline.
Presumably, this marks the beginning of a correction, which forms part of Wave 4. If this is true, we will soon see price movement in the form of a zigzag. The possible trajectory of this movement is schematically depicted in the chart provided.
Given the limited potential of this movement, correspondingly modest trading goals are recommended.
Investment idea: SELL 1.0840, SL 1.0860, TP 1.0800.
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.
