Euro / U.S. DollarShort
EURUSD looking to push towards 1.1850/60 ?
Bottom line: EURUSD remains in control of bears until 1.2010 stays intact.
Technical Analysis: EURUSD dropped through 1.1720 handle yesterday before turning higher again. The currency n=might be underway to carve a 5-3-5 zigzag from 1.1610 lows earlier. If the above is correct, we should see another lower degree 5 wave rally towards 1.1850/60 as wave c progresses within the zigzag. Ideally 1.1610 should hold.
Remain short. add more @ 1.1850, target is open
Good luck!
Technical Analysis: EURUSD dropped through 1.1720 handle yesterday before turning higher again. The currency n=might be underway to carve a 5-3-5 zigzag from 1.1610 lows earlier. If the above is correct, we should see another lower degree 5 wave rally towards 1.1850/60 as wave c progresses within the zigzag. Ideally 1.1610 should hold.
Remain short. add more @ 1.1850, target is open
Good luck!
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.