EURUSD Wave C still being carved out. 1.1432 levels critical
The EURUSD short term story seem to be suggesting that a triangle could be unfolding as Wave 2, within proposed Wave C rally towards 1.1850 and higher. This looks like the most probable count for now and if this should hold, we could see wave e termination of triangle any moment now before prices break above the 1.1500 levels again. Please also note that prices would not break below 1.1439 or 1.1432 levels for the triangle structure to remain intact. On the alternate side, a break below 1.1432 levels could see a drop towards 1.1350 levels before it hits a fibonacci support again. Overall, bullish structure remains intact till prices stay above 1.1432 levels for now.
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Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
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