The EURUSD hourly chart suggests, that a meaningful low could be in place at 1.1530 levels and that a probable direction from here could be on the north side. Please note that the confluence of a previous wave 4 and a nearly 50% retracement at 1.1530 remains a valid point to assume that Wave B could be in place. If the above wave count and structure holds, we could witness higher highs from here. As an alternate count, please be prepared for a potential drop towards 1.1450/70 levels before Wave C picks up. We shall bring up this scenario again if price patterns support. Overall EURUSD remains a candidate to remain long.
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This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.