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harshjapee

EURUSD expected to complete Wave A close to 1.1840/50

Short
Euro / U.S. Dollar (FOREXCOM:EURUSD)  
harshjapee  
FOREXCOM:EURUSD   Euro / U.S. Dollar
Trend Analysis Wave Analysis EURUSD Technical Analysis
2
0
trendanalysis waveanalysis eurusd technicalanalysis
EURUSD counter trend rally seems to be gathering pace as Wave A is close to terminate around 1.1840/50. Possibly, a 3-3-5 structure might be unfolding (standard flat). If we are correct, EURUSD should drop lower as Wave B before proceeding towards 1.1920 handle as Wave C unfolds into 5 waves. Intraday resistance is seen around 1.1840/50 levels. Watch out for slight drop from there.

Remain short for now, add more around 1.1920/30, stop @ 1.2100, target is open

Good luck!
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