EURUSD might push through 1.2050/80
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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