The EURUSD consolidation could be into its last leg now with a potential top in place at 1.1689 levels for now. Immediate price resistance is seen at 1.1713, followed by 1.1725 levels respectively and till the time prices stay below, we could expect bears to remain in control. As an alternate count, a clear break above the consolidation resistance line, would push prices higher through 1.2000/2100 levels respectively. Looking into the wave structure, EURUSD bullish count very much remains intact and a safe trading strategy would be to buy on dips through 1.1470/1.1500 levels going forward.
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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.