EURUSD might extend through 1.2250 to terminate Wave 2

2021年2月18日

EURUSD might be still unfolding a complex corrective Wave 2 and push towards 1.2250 in the next few trading sessions. If correct, prices should stay above 1.1950 and rally towards 1.2250/70 levels i the next few days. Possibility remains for a bearish reaction there and a turn lower towards 1.1600 going further. Alternately, EURUSD might have completed its corrective drop around 1.1950 and a bulls might be preparing towards a new high. We shall review again around 1.2250 mark.

Short against 1.2350, towards 1.1600.