EURUSD completes retracement @ 1.1914 or could push to @ 1.1965
EURUSD bulls had pushed prices to 1.1914/20 levels yesterday, which is fibonacci 0.618 retracement of the earlier drop between 1.2010 and 1.1754 respectively. Probable wave counts might be suggesting that a lower degree Wave 1 and 2 might be in place at 1.1754 and 1.1920 respectively. Alternately Wave 2 could push through 1.1965 levels, the fibonacci 0.786 retracement levels before terminating. Either way, EURUSD remains good to be sold on rallies through 1.1920/60 mark.
Remain short, look to add more @ 1.1920/60, 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, look to add more @ 1.1920/60, 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.