EURUSD – Up
Euro is currently trading around 1.1351. As we mentioned previous, as long as the price remains below 1.1451, we’re within our sellers territory, we’re waiting for a possible correction towards 1.1395 to pick a possible long term short position towards 1.0521. The anticipated bearish rally is the continuation of the impulsive wave v to the lowerside and should break below 1.1280 towards 1.0705, a break below this level will push the price further to the lowerside towards 1.0521 or even lower. Only a break above 1.1450 may invalidate the anticipated bearish price rally.
We’re short with an ultimate target at 1.0521.
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