EURUSD could resume counter trend rally through 1.1900 handle

EURUSD has dropped lower through 1.1778 levels today. The currency might break below 1.1754 first, before reversing. The drop from 1.2010 looks complete as an impulse as fresh lows are carved. If the above is correct, we should see a counter trend materialize soon towards 1.1900 handle if not higher. The fibonacci resistance of entire drop between 1.2010 and 1.1778 could be near 1.1900 levels. Good to sell on rallies from here on.

Remain short from here, stop @ 1.2030/40, target is open.

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Elliott WaveEURUSDTechnical AnalysisTrend AnalysisWave Analysis

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