Euro looks like going to make new high grounds low near 1.0500 as to place its wave (I) impulse as in subwave wave (5) terminations.
As far as 1.0800 safe we will look down here and we will just 1.0700 break to confirm that next 200 pips decline towards 1.0460
We are still not having favoring the corrections and putting more weight on bearish trend continuations.
How Ever if 1.0800 cross will happens as unexpected then we will allow euro for some sort of corrections
Trading recommendations :
We are going to short here with stop above 1.0800 or we will short on confirmations break 1.0700 with stop 1.0800 target 1.0500
As far as 1.0800 safe we will look down here and we will just 1.0700 break to confirm that next 200 pips decline towards 1.0460
We are still not having favoring the corrections and putting more weight on bearish trend continuations.
How Ever if 1.0800 cross will happens as unexpected then we will allow euro for some sort of corrections
Trading recommendations :
We are going to short here with stop above 1.0800 or we will short on confirmations break 1.0700 with stop 1.0800 target 1.0500
