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harshjapee

EURUSD bounces off 1.1700 handle. Looking higher to 1.1850 ?

Short
Euro / U.S. Dollar (FOREXCOM:EURUSD)  
harshjapee  
FOREXCOM:EURUSD   Euro / U.S. Dollar
Trend Analysis Wave Analysis EURUSD Technical Analysis
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trendanalysis waveanalysis eurusd technicalanalysis
EURUSD bounced off the 1.1700 mark, close to fibonacci 0.50 of the rally between 1.1610 and 1.1830 respectively. As discussed earlier today, possibility remains for a push towards 1.1850-1.1900 zone in the next few trading sessions. Short trend might turn bullish against 1.1610 but bears are expected to be back again ahead of 1.2010.

Remain short, add more around 1.1850/1.1900, stop @ 1.2010, target is open.

Good luck!
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