EURUSD rallies post FOMC towards 1.2050 now
EURUSD seems to have resumed its lower degree wave c rally towards 1.2050/80 mark. Yesterday's post FOMC rally has been in line with expectation and should reach up to 1.2050 at least, before resuming lower again. Please note this is still counter trend and EURUSD is might be just another lower high away from resuming its proposed downtrend towards 1.1600 levels in the next few weeks. According to the wave counts, EURUSD seems to be progressing in Wave 3 lower towards 1.1600 and lower.
Remain short against 1.2350, towards 1.1600
Remain short against 1.2350, towards 1.1600
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