EURUSD retracement complete at 1.1353 levels?

2019年1月21日Since last several trading sessions, the EURUSD pair has drifted sideways with much anticipated move higher being delayed in time. Even at this moment, it has retraced its latest upswing between 1.1300 and 1.1569 levels by more than 61.8%, with prices forming a low at 1.1353 levels on Friday. Looking at the larger wave structure, the EURUSD seems to be carving out an expanded flat (A)-(B)-(C) since 1.1300 lows on August 15, 2018. If this count holds true, prices should ideally remain above 1.1213 levels going forward. The lower wave counts also suggest that Wave (C) could be in progress and ideally unfold into 5 waves, pushing prices towards 1.1800/20 levels at least. Overall, bullish moment could resume from current price action around 1.1400 levels.


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