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harshjapee

EURUSD Hourly wave Count updates Bears look to take back control

Short
Euro / U.S. Dollar (FX:EURUSD)  
harshjapee  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis Technical Analysis EURUSD
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trendanalysis chartpattern waveanalysis technicalanalysis eurusd
The EURUSD story and structure remains intact for now. Taking on from last week, the pair has bounced off the lows but still remain well below critical resistance levels at 1.1860 and 1.1950/60. Till the time prices stay broadly below 1.1960 levels, look lower. As an alternate, a retest of 1.1860 levels could be possible, before bears are back in control. Immediate risk remains at 1.1960 levels for to consider stop loss, targeting at least 1.1550 and lower.

Good luck!

Sincerely yours,
Harsh
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