EURUSD might reverse from 1.1860 or 1.1950/60
EURUSD is taking its time to carve Wave 2. In case of an expanded flat, the recent rally could push towards 1.1930/60 in the next few trading sessions. If it reverses from current levels and breaks below 1.1837, it would confirm Wave 2 termination around 1.1860. Either way, EURUSD remains good to sell on rallies. Potential Wave 1 is already in place between 1.2010 and 1.1754 earlier. Once Wave 3 begins to unfold, EURUSD should be heading lower towards 1.1400 at least.
Remain short for now, stop @ 1.2040, target is open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Remain short for now, stop @ 1.2040, target is open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
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.