The EURUSD rallied to test Friday highs yesterday and is seen to be trading around 1.1702 levels t this point in writing. Keeping the bigger picture intact, we are expecting a 3 wave corrective rally A-B-C, since bottom formation at 1.1300. Looking into the wave counts, Wave A looks to be complete at 1.1733 levels earlier, and potential Wave B might have terminated at 1.1526 levels. We are still keeping the alternate count for a more complex Wave B possibility to terminate around 1.1470 levels, before Wave C could resume higher. A consistent push above 1.1730/50 would confirm that Wave C is set to accelerate further. Overall, EURUSD bullish structure stays.
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Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.