Stay neutral on EURO
EURO Rally travelled 800 pips : 1.07 So far in the name of Wave (III) from Wave (II) : 1.15 which is about 161.8 % projections of Wave (I).
Here This is the time to be neutral and careful , not aggressive.
Still Question is that wave (III) ends here at 161.8% projections near 1.07 ? Or we still have to take it more down to our ideal target of 200% projections which is around near 1.0490 ?
Now our Invalidations are at near 1.1084 and If it crossed Our bearish plans again Will change into Bullish
Now I am not sure we complete this wave (III) and going higher towards A-B-C wave (IV) under 1.1080 or near 1.100
Our Conclusions and next plans will be Careful :
(1) If We see the Break 1.0675 clearly then we will prefer to go down to 1.0490 for placing our wave (III) Ideally.
(2) If We see first invalidations : 1.0834 and specially the mentioned upside breakout 1.090 then we will prefer wave (III) been placed at 1.0670 and we unfolding wave (IV) higher to 1.100 but under 1.1080.
Trading Recommendations :
Stay Very much Neutral Now and play 1.0670 breakdown as bearish for target 1.0500 and 1.0900 Breakout as Bullish for target 1.100<1.1080
Here This is the time to be neutral and careful , not aggressive.
Still Question is that wave (III) ends here at 161.8% projections near 1.07 ? Or we still have to take it more down to our ideal target of 200% projections which is around near 1.0490 ?
Now our Invalidations are at near 1.1084 and If it crossed Our bearish plans again Will change into Bullish
Now I am not sure we complete this wave (III) and going higher towards A-B-C wave (IV) under 1.1080 or near 1.100
Our Conclusions and next plans will be Careful :
(1) If We see the Break 1.0675 clearly then we will prefer to go down to 1.0490 for placing our wave (III) Ideally.
(2) If We see first invalidations : 1.0834 and specially the mentioned upside breakout 1.090 then we will prefer wave (III) been placed at 1.0670 and we unfolding wave (IV) higher to 1.100 but under 1.1080.
Trading Recommendations :
Stay Very much Neutral Now and play 1.0670 breakdown as bearish for target 1.0500 and 1.0900 Breakout as Bullish for target 1.100<1.1080
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