My picks: EURUSD limit entry short at 1.3600, against 1.3670, target 1.3200
Expertise: Technical
Average Time Frame of Trades:
Since the March top at 1.3742, the EURUSD has traded down to 1.2886 and most recently back above 1.3700. Neither the decline nor the advance are impulses therefore a larger correction is underway. One such count, which I have highlighted in recent days, is a triangle. IF a triangle is unfolding, then wave c of the triangle will begin now and result in a drop down to about 1.3000.
