EURUSD might be looking to terminate near term @ 1.1735

EURUSD lower degree wave counts are suggesting another drop through 1.1735 mark to terminate the first impulse drop from 1.2000 handle. If the above counts are correct, EURUSD should ideally stay below 1.1900/10 handle. Once the above unfolds, bulls might prepare for a counter trend rally. Shall bring up an update during the New York session.

Remain short, stop above 1.2010, short term target @ 1.1735.


Good luck!