EURUSD: SELL 1.1800, SL 1.1835, TP 1.1580 | 02 July 2025
02 July 2025, EUR/USD
The week began rather uneventfully for this currency pair. The price has yet to decide on the direction of its next move, maintaining a sense of intrigue. It appears that an attempt to rise is likely, which could push the price toward the upper boundary of the pattern. This would complete wave c of 5, and with it, the entire wave structure forming a diagonal triangle. This creates an interesting trading opportunity: entering short positions after a touch of the channel’s upper border. The target for the anticipated decline lies at the opposite end — the lower boundary. Investment idea: SELL 1.1800, SL 1.1835, TP 1.1580.
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.
