EURUSD continue to probe resistance around 1.1900 handle, as it trades close to 1.1886 mark for the moment. The structure is pretty clear with potential top in place around 1.2010 levels. Furthermore the drop through 1.1754 was an impulse, which is being retraced for now. Potential Wave 2 might be in place already around 1.1914 last week and if it is correct, we should see a sharp decline fro here as Wave 3 unfolds. A break below 1.1750 would confirm. Good to sell on rallies.
Remain short for now, stop above 1.2010, target is open
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Remain short for now, stop above 1.2010, target is open
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.