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harshjapee

EURUSD Wave 2 could be expanded flat or triangle to 1.1930/50

Short
Euro / U.S. Dollar (FOREXCOM:EURUSD)  
harshjapee  
FOREXCOM:EURUSD   Euro / U.S. Dollar
Trend Analysis Wave Analysis EURUSD Technical Analysis fintech
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trendanalysis waveanalysis eurusd technicalanalysis fintech
EURUSD hourly chart suggest that potential lower degree Wave 1 is in place around 1.1750 levels. A potential Wave 2 seems to be underway since then and might unfold as an expanded flat towards 1.1930/50 or a potential triangle. It is a typical Wave 2 property to take its own time terminating. Bottom line: 1.2 handle should remain intact to keep bears in control.

Short against 1.2000, target is open.


Good luck!
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