Euro / U.S. DollarShort
EURUSD pulbacck should resume towards 1.1800 at least
EURUSD might have carved interim lows around 1.1626 levels yesterday. It might be preparing for a counter trend rally towards 1.1800 levels before resuming its drop. The wave counts are suggesting that potential lower degree Waves 1 and 2 might be in place around 1.1754 and 1.1915 respectively and Wave 3 might be unfolding. A push beyond 1.1985 would confirm that counter trend rally is underway. It would provide yet another opportunity to sell higher.
Remain short, stop @ 1.2010, 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 @ 1.2010, 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.
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