Short

EURUSD intraday target @ 1.1780/90 then UP to 1.1965 ?

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!

harshjapee

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