EURUSD could push towards 1.1650 levels
The EURUSD daily chart remains more or less unchanged from what was discussed last week. It is quite possible that a higher low was formed on Friday at 1.1327 levels, or it could drop towards 1.1315/20 levels before the rally could resume. Looking at the short term wave counts, a lower degree waves i and ii could be in place as labelled here, and wave iii could resume any moment towards 1.1650 levels. The larger wave structure still favors a potential expanded flat or a triangle to unfold in the next several trading sessions. If the above structure holds, we could witness EURUSD rally up to 1.1800/20 levels going forward. Overall, EURUSD remains bullish until prices stay above 1.1213 levels.
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Disclaimer:
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