The EURUSD story is unfolding exactly as expected and discussed lately. It is seen to be testing the support zone projected yesterday between 1.1500/30 levels, and probable bullish reversal likely from here. Looking into the immediate wave structure, a lower degree wave i and ii now seem to be in place with potential termination (for wave ii) at 1.1490/1.1500 levels. Please also note that prices are reversing from a fibonacci 0.618 support of wave i (between 1.1432 and 1.1620). Projected immediate target could be seen at 1.1800/50 levels, going forward. Overall, the short term bullish scenario remains for EURUSD.
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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.