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EURUSD Wave 2 could be expanded flat or triangle to 1.1930/50

Oleh harshjapee
EURUSD hourly chart suggest that potential lower degree Wave 1 is in place around 1.1750 levels. A potential Wave 2 seems to be underway since then and might unfold as an expanded flat towards 1.1930/50 or a potential triangle. It is a typical Wave 2 property to take its own time terminating. Bottom line: 1.2 handle should remain intact to keep bears in control.

Short against 1.2000, target is open.


Good luck!
EURUSDfintechTechnical AnalysisTrend AnalysisWave Analysis
harshjapee
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