The EURUSD short term story remains unchanged from what has been discussed recently. The pair is seen to be trading around 1.1628/30 levels at this point of writing and probably looking to push towards at least 1.1660/70 levels before correcting lower again. If the discussed scenario holds well, it would be rather safe to assume that a meaningful bottom could be in place at 1.1530 levels, labelled as potential Wave B on charts. Furthermore, one can expect EURUSD towards Wave C higher. As an alternate, a drop below 1.1530 could delay matters further, but the structure would still remain unchanged.
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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.