EUR/USD is currently trading with a bearish bias. During the previous trading day, Euro traded perfectly short as previously forecasted and is still pretty much bearish. During this intraday, we will remain short with wave (c) with our ideal target at 1.0732. In the meantime, we remain short but with our take profit at 1.09450, a clear break below this level would mean we are headed further short with our ultimate target at 1.0732. This pair should be traded alongside other positively correlated pairs EUR/GBP, and EUR/JPY, these pairs have a strong positive correlation of up to +0.92 and are thus expected to have a similar price action. Only buy or sell Euro if the other positively correlated pair is giving the same signal.
Remain short with your taget at 1.0945, a clear break below this level will call for further short positions with your next ideal TP at 1.0732 .
Margin Trading in the Forex market contains risks and can cause in significant financial losses. Before deciding to trade in the foreign exchange market, make sure that you understand the risks according to your financial experience and knowledge.