EURUSD counter trend unfolding;Wave c should reach @ 1.1880/1.19

٢٦ أغسطس ٢٠٢٠

EURUSD has dropped to 1.1775 mark as we prepare to publish the hourly update. Believe it or not, the currency has room left for yet another push towards 1.1880/1.1900 mark. The short term wave structure is still looking to carve a Wave c rally, to complete the proposed a-b-c rally. EURO should stay above 1.1754 to keep the above count valid. Also note that fibonacci 0.618 retracement of earlier drop is seen through 1.1880/90 mark. High probability remains for Wave 2 to terminate around those levels.

Remain short, stop @ 1.1990, target remains open.


Good luck!