Possible Short Term EURUSD EW Count

FX:EURUSD   Euro / U.S. Dollar
Euro has been struggling to break out of the 1.17-1.19 range for a few days now which has lead to the possibility of a triangle that is evolving. It is quite early to assume a triangle but keep an eye out for the triangle possibility. If it turns out to be a triangle then the possibility of a new impulse from 1.1668 will be pushed back as we will have one more leg of correction lower below 1.1668 before we get the new impulse higher.

Good Luck Traders.


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