EURUSD might be potentially carving a complex corrective Wave 2. Traders might want to keep selling on rallies but it might be noted that bears need to clear 1.1750 to confirm Wave 2 is in place at 1.1915. We will watch 1.1788 levels closely in the next few hours for a potential bounce. If it does, probabilities remain for a sharp rally towards 1.1950/60 levels before Wave 2 completes. A straight break below 1.1750 will keep bears in control.
Short against 1.2010, target is open.
Good luck!
Short against 1.2010, target is open.
Good luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.