EurUsd is still busy with a corrective bounce within a big downtrend...
We made some small changes to our wave count, but what is important is that EurUsd is in a very bearish structure below 1.0827.
The corrective bounce should ideally end between the 61.8 - 78.6% Fibonacci retracement levels from wave 1. So this week look for selling opportunities between 1.0700 and 1.0760, with stop loss above 1.0827.
First target 1.0520 and then the low at 1.0365
We made some small changes to our wave count, but what is important is that EurUsd is in a very bearish structure below 1.0827.
The corrective bounce should ideally end between the 61.8 - 78.6% Fibonacci retracement levels from wave 1. So this week look for selling opportunities between 1.0700 and 1.0760, with stop loss above 1.0827.
First target 1.0520 and then the low at 1.0365