The EURUSD short term story continues to impress upon probable wave counts discussed. It was expected that the pair could find support around 1.1500/50 levels. It seems to have probably made a bottom at 1.1505 levels yesterday before pulling back sharply. Please note that probability remains higher for a potential bullish reversal against yesterday's low at 1.1505 levels, going forward. Looking at the wave structure a Wave C, could be projected higher above 1.1800 levels. We continue to maintain our stand from neutral to long going forward. A safe trading strategy could be to remain long until prices stay above 1.1300 levels going forward.
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Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.