Euro / US-DollarShort
EURUSD resumes lower towards 1.1400/1.1500 ?
EURUSD has slipped through 1.1737 lows today, before pulling back. The lower degree wave counts might be suggesting that Wave 1 and 2 might be in place around 1.1754 and 1.1915 respectively. If the above is correct, EURUSD is progressing within Wave 3 towards 1.1400/1.1500 respectively. Also note that prices should not exceed 1.1915 in that case. Alternately, if Wave 2 is still unfolding as a complex structure, EURUSD might print above 1.1915 before resuming lower again. Either way, it is good to sell on rallies.
Remain short, stop above 1.2010, target is open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Remain short, stop above 1.2010, target is open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
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