EURUSD Wave (C) higher into progress towards 1.1800/20
With volumes dropping around these times, EURUSD remains more or less unchanged for now and is seen to be trading close to 1.1400 levels. Please note that probability remains for a drop towards 1.1350/60 levels before resuming rally. The lower degree wave counts remain the same with wave iii unfolding since 1.1270 levels. If the above structure holds to be true, we could be witness a rally from ahead of 1.1270 levels towards 1.1700 levels respectively. Immediate price resistance is just above 1.1500, while support is at 1.1270 levels. Overall, medium term bullish sentiment should hold until prices stay above 1.1213 levels.
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Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
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