EURUSD potential support seen at 1.1500/20
The EURUSD currency pair has traded in a range between 1.1530/40 and 1.1600 levels since last Friday. This sideways action could be a flat being carved out and prices could possibly test 1.1500/20 levels before rallying further. Looking at the wave counts, it is quite clear that EURUSD is into a 3 wave correction since 1.1300 lows formed earlier. Within the 3 waves, it seems to be into the last Wave C, which could potentially rally deep into 1.2000/1.2200 levels going forward. Ideally prices should remain above 1.1432 levels (interim support), for the above wave structure to hold.
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.
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.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.