EURUSD initial target potential is 1.1500/10
The EURUSD pair is consolidating since printing highs at 1.1420 levels earlier. It could be unfolding as a combination (W)-(X)-(Y), and prices may re-test 1.1360 levels before resuming rally. Looking into the medium term wave structure, we probably have Wave A and Wave B in place already, with wave B terminating last week around 1.1340 levels. By most probabilities we could be witnessing Wave C rally from current levels, provided prices stay above 1.1340 and broadly above 1.1300 levels going forward. If the above count holds we could see a sharp rally towards 1.1500/10 levels from 1.1360 levels. We maintain our medium term bullish count for EURUSD against 1.1300 levels for now.
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.
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.
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.