As per previous update-"EURUSD--3rd of 3rd Wave--I am looking for EU to top out@1.11855...We should put a stop above 1.1250-A tick above & can look to short...Initially look to book partial in the range 1.1070--1.1080 & re-enter if retraces back but surely it should not cross 1.1250...Going Below Rising Trendline & Swing Low will confirm downside action for safe traders. In current scenario aggressive traders only to take short with stop above 1.1250. In Longer Duration we shall be looking for 1.0350 which will break March 2015 low@1.04...
Regards, Abhishek H.Singh, CMT