EURUSD had hit 1.1830 day before yesterday and reversed sharply lower to 1.1730. The currency has either managed to terminate wave ii of 3 or is still unfolding its corrective rally from 1.1610 levels. If the former count is correct, we should see prices dropping below 1.1610 in the near term. Alternately, if bulls are back from 1.1680/90 zone, it could push through 1.1850/1.1900 resistance zone, before reversing lower again. Be watchful in the near term around 1.1680/90.
Remain short, look to add further around 1.1850, target is 1.1500 and lower
Good luck!
Remain short, look to add further around 1.1850, target is 1.1500 and lower
Good luck!