EURUSD looking to push towards 1.1850/60 ?
Bottom line: EURUSD remains in control of bears until 1.2010 stays intact.
Technical Analysis: EURUSD dropped through 1.1720 handle yesterday before turning higher again. The currency n=might be underway to carve a 5-3-5 zigzag from 1.1610 lows earlier. If the above is correct, we should see another lower degree 5 wave rally towards 1.1850/60 as wave c progresses within the zigzag. Ideally 1.1610 should hold.
Remain short. add more @ 1.1850, target is open
Good luck!
Technical Analysis: EURUSD dropped through 1.1720 handle yesterday before turning higher again. The currency n=might be underway to carve a 5-3-5 zigzag from 1.1610 lows earlier. If the above is correct, we should see another lower degree 5 wave rally towards 1.1850/60 as wave c progresses within the zigzag. Ideally 1.1610 should hold.
Remain short. add more @ 1.1850, target is open
Good luck!
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