EURUSD near to completing an impulse from 1.1915

EURUSD seems to be close to completing an impulse wave from 1.1915 highs. A push below 1.1700 would be encouraging for bears and EURUSD would be good to sell on rallies thereafter. At the moment it is seen to be trading close to 1.1750/53 and is expected to break lower towards 1.17 to terminate the 5th wave. At a larger degree, EURO might have completed an expanded flat corrective wave around 1.1915 levels. If the above is correct, the currency should be turning lower towards 1.1167 in the near term. Alternately, EURUSD might push above 1.1915 to print yet another high,and complete the expanded flat structure. Either way, should resume lower soon from here.

Remain flat, stop @ 1.1960, target @ 1.1167

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