EURUSD hourly chart story still suggesting that Wave B could be still unfolding as a more complex corrective structure. Ideally, there is still room for a drop lower towards 1.1470 levels, until prices stay below 1.1660/70 levels as discussed yesterday. The current consolidation could be unfolding as a flat or a potential triangle within the overall zigzag drop from 1.1730 levels. Please note that it could be just a matter of time before EURUSD finds its support to push higher again in Wave C towards 1.2000/1.2100 levels. Overall, it would be a safe strategy to remain long on dips from here.
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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.
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.