EURUSD hits 1.2230 today, potential Wave 2 termination?

EURUSD finally reached 1.2200/30 handle today as discussed and expected earlier. It has completed the minimum requirement for a potential Wave 2 but potential remains open towards 1.2250 mark before finding a strong resistance. Also note that the Elliott Channel resistance has been hit and a throw over might be in the making. Bears might remain inclined to resume lower anytime soon now. Bottom line remains 1.2350 for bears to stay in control.

Remain short against 1.2350, add more @ 1.2230, towards 1.1600