EURUSD: SELL 1.1690, SL 1.1720, TP 1.1600 | 11 July 2025

Once again, expectations have not materialized. Although the price remains under selling pressure, it continues to resist the decline, holding its ground with great effort. As a result, the anticipated drop has yet to unfold. However, it seems only a matter of time before the price picks up momentum and starts moving downward. Currently, the decline is expected to develop as wave c of a zigzag. However, it’s also possible that the downward move will take an impulsive form, which could drive the euro significantly lower than the initially projected target at the lower boundary of the ascending channel. For this reason, it is recommended to keep existing short positions open and consider adding new ones if possible. Investment idea: SELL 1.1690, SL 1.1720, TP 1.1600.