Euro / U.S. DollarShort
EURUSD Wave 1 complete around 1.1780 ?
EURUSD might have completed its impulse decline around 1.1780 or would complete around 1.1750/54 support. Either way, bulls might be preparing for a push towards 1.1900/20 levels at least to produce a corrective Wave 2. In general, a 5 wave decline would be followed by a 3 wave corrective rally before resuming lower again. High probability remains for a major top in place around 1.2 handle. If the above is correct, a Wave 3 decline should resume soon towards 1.1500 handle if not further.
Remain short against 1.2, target remains open.
Good luck!
Remain short against 1.2, target remains open.
Good luck!
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.