The EURUSD reversed sharply from 1.1721 levels on Friday, remained shy of just a few pips from previous swing high at 1.1733 levels. This drop could be an indication that a potential flat could be in the making. If this corrective structure turns valid, we could see prices dropping lower at least towards 1.1526 levels. Ideally, we could consider the region between 1.1470 and 1.1530 levels for a potential low to be considered as Wave B. The overall structure remains bullish and could be setting up for a push higher towards 1.2000/2100 levels goig forward.
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.
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.