The EURUSD story still looking constructive for bulls as prices remain above 1.1432 levels. Please note that a zigzag corrective drop looks to be complete at 1.1450 levels, and EURUSD is seen to be trading around 1.1464/65 levels at this point in writing. Looking into the short term wave counts, EURUSD Wave C might be underway already and furthermore waves i and ii looks to be complete at 1.1620 and 1.1450 levels respectively. Immediate price resistance is seen at 1.1527 levels and a push through that would confirm that a meaningful bottom is in place at 1.1450 levels. Overall bullish structure prevails until prices stay above 1.1432 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.