EURUSD pushing towards 1.1800 handle in the near term

5 באוק׳ 2020

EURUSD might be still carving a lower degree wave ii of 3 and push towards 1.1800 mark before reversing. The fibonacci 0.618 retracement of wave i is also seen towards 1.1800 so does the past support turned resistance zone. Ideally prices should stay below 1.1915 levels to keep the above structure valid.

Remain short, add more around 1.1800, target is open.

Good luck!