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EURUSD consolidating before targeting below 1.1750

EURUSD has been drifting sideways for now and should find resistance around 1.1840/50 mark before it turns lower again. The currency is trading around 1.1845 mark for now and bears should be poised to break below 1.1750 support. This confirms a top in place around 1.2000 levels and that bears are here to stay longer. As discussed yesterday, we shall bring up a probable wave count after 1.1750 is taken out. The fibonacci 0.618 retracement around 1.1150 remains medium term target potential though. Good to sell on rallies.

Remain short, stop @ 1.2030 target @ 1.1150

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