EURUSD possibly terminates wave ii or b at 1.1287 levels!

14 Des 2018The EURUSD has dropped lower below 1.1306 levels and made fresh lows at 1.1287 today, indicating a potential termination of the lower degree wave ii or b as highlighted on the chart here. Please note that it could still terminate lower below 1.1268 levels, but it is expected to stay above 1.1213 levels if the above structure needs to hold. Looking into the wave structure, a lower degree wave ii is being carved out within the higher degree Wave (C), to produce either as an expanded flat or a triangle. Bottom line, till the time prices stay above 1.1213 levels, we could see them rally through 1.1650 and 1.1820 levels respectively; before the trend could resume lower again. On the flip side, a break below 1.1213 levels could delay the corrective structure discussed above.


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