EURUSD Consolidation Continues. 1.1450/70 Insight?
EURUSD hourly chart story still suggesting that Wave B could be still unfolding as a more complex corrective structure. Ideally, there is still room for a drop lower towards 1.1470 levels, until prices stay below 1.1660/70 levels as discussed yesterday. The current consolidation could be unfolding as a flat or a potential triangle within the overall zigzag drop from 1.1730 levels. Please note that it could be just a matter of time before EURUSD finds its support to push higher again in Wave C towards 1.2000/1.2100 levels. Overall, it would be a safe strategy to remain long on dips from here.
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