EURUSD has drifted sideways since last 36 hours but potential remains for a push through 1.2050 at least, before finding resistance again. The currency seems to have either completed its corrective rally at 1.1988 last week or has terminated Wave A of its corrective rally. If the latter turns out to be correct, EURO bulls might extend its rally towards 1.2050/80 levels to terminate Wave C of the proposed A-B-C correction. Bottom line for ears to remain in control is 1.2350 mark.
Remain short against 1.2350, towards 1.1600
Remain short against 1.2350, towards 1.1600
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.
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.