Near-Term Short Opportunity in EUR/USD
|Traders,
A few things are catching my eye on EUR/USD today:
- Prices have stalled once again at overhead resistance at 1.2092 - goes back to Sep '17 high
- Possible 'flat correction' presently in Wave iv. Prices make a modest new high (above Wave iii) and then have one more leg lower.
- If correct - prices could test 1.2000-1.1960
This of course would catch the EUR/USD bulls a bit flat footed. I am bullish EUR/USD overall, but think it has come too far; too fast.
Just something to consider...
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