EURUSD: SELL 1.1650, SL 1.1670, TP 1.1560 | 20 August 2025
20 August 2025, EUR/USD
It appears that the initial assumption of a forming leading diagonal was correct. This is indicated by the pressure that hit the price. Buyers were not allowed to reach the projected target at the upper boundary, suggesting that this rise was likely corrective — specifically, wave B in the assumed zigzag.
The ongoing decline therefore gains the status of the final wave C in the same zigzag. Hence, it is recommended to consider opportunities for entering sell trades at current market levels.
Investment idea: SELL 1.1650, SL 1.1670, TP 1.1560.
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.
