Short

EURUSD counter trend rally to resume after 1.1750 breaks ?

EURUSD 4H chart also suggests a drop through 1.1754 or even 1.1700 would complete minimum requirement to confirm a top at 1.2000 handle. After completing an impulse wave from 1.0636 through 1.2000 levels, bears might want to produce a corrective drop at a similar degree. A potential zigzag or flat could be in the making towards 1.1100 handle over the next several weeks. Alternately as discussed earlier, if an expanded flat completed around 1.2000 handle, EURUSD is set for a trend reversal. We shall bring that up as price action unfolds.

Remain short, stop @ 91.00 target is open.

Good luck!

harshjapee

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