EURUSD terminated wave ii around 1.2113/15 ?
EURUSD just fell short of terminating its lower degree Wave ii around 1.2140/50 as discussed earlier. Possibility remains that wave ii terminated around 1.2113/15 over the last week and EURO might be progressing into wave iii lower towards 1.1800 and 1.1750 at least. If correct, prices should ideally stay below 1.2113 and continue lower from here or from 1.1950/75 mark. Intraday pullback rallies remain possible and could be seen as opportunities to add short positions.
Remain short against 1.2350, towards 1.1600.
Remain short against 1.2350, towards 1.1600.
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