Corrective Rally in EUR/USD at play

٢٨ نوفمبر ٢٠١٧

The rally in the EUR/USD since Nov 7th seems to be corrective. First targets are around 1.1989-1.2024. Look here for reversals. The 78.6 retracement is also around 1.1975. A break to new highs (above Sep 8 high) would indicate a new impulsive wave with higher targets. This would invalidate my short scenario.