EURUSD still probing 1.1750 before counter trend resumes
EURUSD has dropped to 1.1757, just shy by a few pips to take out support at 1.1750/54. Believe it or not, the counter trend rally should resume anytime and push through 1.1900/20 mark. Lower degree wave counts suggest that Wave 1 might be ready around 1.1750/55 handle. If that is correct, Wave 2 corrective rally could resume higher through 1.1900/20 unfolding into 3 waves. Either way, EURUSD remains good to be sold on rallies. Wave (3) potential remains towards 1.1500 at least.
Remain short, stop @ 1.2030, 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, stop @ 1.2030, 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.