Bottom line: EURUSD bears shall remain in control until 1.2000 is intact. The drop from 1.2 through 1.1754 looks an impulse, potential Wave 1. The subsequent rally a-b-c through 1.1914 might be potential Wave 2 OR Wave 2 might drift sideways into a triangle. Once complete, EURUSD bears should be back in action as Wave 3 resumes lower.
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.