EURUSD could have made a short term low at 1.1510. The possible chart path is shown and there is a very high probability that EURUSD could be higher towards 1.1900 levels. There are two possibilities :
Primary count - Euro completed wave 1 and possibly wave 2 of fresh impulse which started from 1.1510. As per the primary count this could be the start of the wave 5 of the impulse which started from 1.0340, if Euro is following the primary wave count then this rally could extend towards 1.26+ levels to complete the 5 wave impulse move.
Alternate count - As per the alternate count the move which started from 1.1510 is a counter trend A-B-C move which could extend towards 1.1900 levels before falling below 1.1510 again.
Either way, as long as 1.1510 is intact we could see Euro rally towards 1.1900 and this rally does have the potential to extend towards 1.26+ levels.
Good Luck Traders !!!
Primary count - Euro completed wave 1 and possibly wave 2 of fresh impulse which started from 1.1510. As per the primary count this could be the start of the wave 5 of the impulse which started from 1.0340, if Euro is following the primary wave count then this rally could extend towards 1.26+ levels to complete the 5 wave impulse move.
Alternate count - As per the alternate count the move which started from 1.1510 is a counter trend A-B-C move which could extend towards 1.1900 levels before falling below 1.1510 again.
Either way, as long as 1.1510 is intact we could see Euro rally towards 1.1900 and this rally does have the potential to extend towards 1.26+ levels.
Good Luck Traders !!!