The EURUSD hourly chart continues to take its own time to confirm a potential bottom in place at 1.1526 or lower? Corrective waves are mostly trick and they can have tendencies to produce complex structures. Looking at the most probable wave count depicted here, it seems Wave B is still probably unfolding into a zigzag a-b-c structure. Furthermore, it could be seen that wave b possibly terminated at 1.1643 yesterday, before EURUSD reversed sharply. Ideally, there could be enough room for a drop towards 1.1450/70 levels, until EURUSD stays below 1.1660/70 levels.
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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.