Short

EURUSD completes first impulse drop from 1.1965 levels ?

EURUSD might have potentially completed its first impulse wave since 1.1965 highs, or it should terminate below 1.1780 to complete. High probability remains for a top formed at 1.1965 and a break below 1.1780 will confirm. A larger degree corrective wave structure (expanded flat), might have terminated around 1.1965. If it is correct, we are in for a bearish move against 1.1965. Ideally, EURUSD should drop towards 1.1696 lows; the beginning of triangle consolidation.

Remain short, Stop @ 1.1970, target @ open

Good luck!

harshjapee

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