EURUSD completed the formation wave as mentioned yesterday. My short-term EURUSD Forecast is bearish. I am neutral waiting for the selling levels. Now I am expecting a move up for the completion of wave . My medium term EURUSD Forecast remains bearish. I am working on two Elliott wave counts and both favour a bearish move in EURUSD. The pair is trading at the intraday support level it can move higher to complete correction. But I do not have any plan to buy it. I am looking for resistance level of 1.729 to go short on this pair.
