EURUSD tests 1.1300 yet again before reversing

EURUSD short term counts are as follows: The drop between 1.1420 and 1.1167 could be Wave 1 or A. The subsequent rally towards 1.1350, is potential Wave 2 or B. Also note the Wave 2 had reversed form the fibonacci 0.618 retracement of Wave 1 (not shown today). It is quite possible that EURUSD may test 1.1350 levels before reversing, and in that case Wave 2 would be termed as a more complex corrective structure. Since carving potential Wave 2, EURUSD might have carved lower degree waves i and ii as well (not labelled). If the above structure holds well, EURO should stay below 1.1350 and broadly below 1.1420, going forward.

Remain short, stop @ 1.1400, target @ 1.0930 at least.

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