Looking at the wave structure, it could be possible that a higher low might be in place close to 1.1300 levels and that prices should ideally stay above that, going forward. Also please note that 1.1213 levels should remain intact for bulls to be in control. The EURUSD might retrace lower intraday, but ideally prices could remain capped ahead of 1.1300 levels. The next price resistance is at 1.1630 levels, followed by 1.1800/20, while interim support is at 1.1300 levels respectively. The higher degree wave counts remain unchanged for now, with EURUSD either producing an expanded flat or a 5 waves rally. In either case, the EURUSD pair is expected to cross above 1.1800 levels until 1.1213 interim support holds.
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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.