EURUSD-- (L-S) Long First Again & Short Later Post Breaking Key Support Level)..Current Price-1.1175....The price movement from 1.1197-recent high is corrective & if it is taking form of a triangle which is valid for 4th Waves...we shall look for a thrust upside crossing 1.1197 high & making a new high...This correction should not go below 1.1154 (taking -5 pips or 1.1149 as stop --one can look to buy either above 1.1180 or let it come to the zone 1.1155--1.1165 as buying zone...Target could be in the range 1.1230--1.1250....
Careful....Once this leg gets completed on top ...means any up movement making a new high shall be the last leg on upside & expected a reversal going below 1.1154 later....
Regards, Abhishek H.Singh, CMT
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12:54 Hrs--IST--2nd August...Go baby Go.....EU rushing Upside ...look first fall post d-wave took support at 1.1155 lows ....Started Moving Up...Currently Kissing 1.1200...Regards, Abhishek
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17:30 Hrs--IST--2nd August...Current Price-- 1.1194...Recent High-1.1208..We are still open on upside for EU against 1.1154 as crucial support...Kissing the zone 1.1230 on lower end will give little confidence that EU has fulfilled its criteria of upside move before resuming fall below 1.1154 or better below 1.1149...Regards, Abhishek