EURUSD: SELL 1.1690, SL 1.1720, TP 1.1620 | 10 July 2025

The price did not immediately move downward and instead attempted to rebound from the previously established local low. However, the bounce was weak, and eventually, the decline resumed, bringing the price back to the same level. This time, the movement is unlikely to be stopped, suggesting a further drop toward the previously identified target at the lower boundary of the ascending channel, within which the diagonal triangle had been forming. There’s also a possibility that the price could fall well below this target. In that case, the move would no longer be considered a correction but rather the beginning of a full-fledged downward impulse. In any case, opening short positions at current market levels appears to be a promising opportunity. Investment idea: SELL 1.1690, SL 1.1720, TP 1.1620.