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harshjapee

EURUSD Wave 2 in place @ 1.1914 or could push through 1.1965

Short
Euro / U.S. Dollar (FOREXCOM:EURUSD)  
harshjapee  
FOREXCOM:EURUSD   Euro / U.S. Dollar
Trend Analysis Wave Analysis EURUSD Technical Analysis
3
0
trendanalysis waveanalysis eurusd technicalanalysis
Bottom line: EURUSD bears shall remain in control until 1.2000 is intact. The drop from 1.2 through 1.1754 looks an impulse, potential Wave 1. The subsequent rally a-b-c through 1.1914 might be potential Wave 2 OR Wave 2 might drift sideways into a triangle. Once complete, EURUSD bears should be back in action as Wave 3 resumes lower.

Short against 1.21, target remains open.


Good luck!
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