EURUSD counter trend rally seems to be gathering pace as Wave A is close to terminate around 1.1840/50. Possibly, a 3-3-5 structure might be unfolding (standard flat). If we are correct, EURUSD should drop lower as Wave B before proceeding towards 1.1920 handle as Wave C unfolds into 5 waves. Intraday resistance is seen around 1.1840/50 levels. Watch out for slight drop from there.
Remain short for now, add more around 1.1920/30, stop @ 1.2100, target is open
Good luck!
Remain short for now, add more around 1.1920/30, stop @ 1.2100, target is open
Good luck!