EURUSD: SELL 1.1380, SL 1.1410, TP 1.1000 | 01 May 2025

Market activity has noticeably declined. Over the past period, the price has barely moved and remained within previously established levels, indicating the continuation of a corrective phase. Due to these minimal changes, the previously considered wave scenario remains valid. It is still assumed that the upward impulse with an ending diagonal in wave 5 has already been completed. After that, the price slightly declined and moved into a sideways range where it remains. It seems that a downward breakout is being prepared to continue and deepen the correction. Therefore, opening short positions may prove profitable, and this opportunity is worth considering. Investment idea: SELL 1.1380, SL 1.1410, TP 1.1000.