EURUSD is producing the much awaited corrective rally towards 1.1880/1.1900 levels. The currency is trading around 1.1836 levels for now and should be looking to push through above levels. It had earlier dropped between 1.1965 through 1.1754 levels, completing an impulse. The drop could be marked as potential Wave 1 (not labelled here), which is being retraced by a counter trend rally. If the above is correct, Wave 2 might terminate around 1.1880/1.1900 levels before resuming Wave 3 lower. Good to sell on rallies from here on.
Remain short, stop @ 1.1965, target is open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Remain short, stop @ 1.1965, target is open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
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.
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.