EURUSD trades just above 1.1900 mark as we prepare to publish. It had dropped to 1.1882 lows yesterday, carving Wave B of the proposed A-B-C corrective rally towards 1.2050/80 levels. Structurally, EURUSD might be unfolding Wave 3 lower towards 1.1600 in the next several weeks. Bulls might be inclined to unfold a corrective wave (ii) within Wave 3 towards 1.2080 mark, before turning lower again. We remain short and also look to add more short positions around 1.2080 mark.
Remain short against 1.2350, towards 1.1600
Remain short against 1.2350, towards 1.1600