EURUSD Possible short play
The current structure shows a possible 5th wave formation pointing to drop from the 1,17 area to the 1.15 area. by definition the 5th wave is usually the same size as the 3rd wave but may extend further. by that premise i expect the euro to drop by at least 300pips before a corrective ABC movement.
However i wouldnt put it past the euro to make a run at retesting the breached trend line as immediate resistance. price may have shied away from that price but we could see a more solid retest around that same price.my bias therefore remains bearish.
However i wouldnt put it past the euro to make a run at retesting the breached trend line as immediate resistance. price may have shied away from that price but we could see a more solid retest around that same price.my bias therefore remains bearish.
Note
1.1777 held...now we hold
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.