EURUSD Wave 1 complete around 1.1780 ?

7 de set. de 2020

EURUSD might have completed its impulse decline around 1.1780 or would complete around 1.1750/54 support. Either way, bulls might be preparing for a push towards 1.1900/20 levels at least to produce a corrective Wave 2. In general, a 5 wave decline would be followed by a 3 wave corrective rally before resuming lower again. High probability remains for a major top in place around 1.2 handle. If the above is correct, a Wave 3 decline should resume soon towards 1.1500 handle if not further.

Remain short against 1.2, target remains open.

Good luck!