EURUSD counter trend rally might extend through 1.2050/80 before terminating wave ii. Intraday support is seen towards 1.1900 handle and a bullish bounce there would confirm that EURO bulls are poised to push towards 1.2050 mark at least. The wave structure still favors a potential Wave 1 and 2 in place and Wave 3 lower might be in progress towards 1.1600 mark. Alternately, Wave 2 might unfold as a triangle or an expanded flat corrective structure.
Remain short against 1.2350, towards 1.1600
Remain short against 1.2350, towards 1.1600
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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.