Instead of going long as previously expected, the impulsive wave (v) is still reluctant to continue long. We expect the consolidations that began few days ago to be a mere correction of the impulsive wave (v) and should not break below 1.1162 from where we'll be looking to rebuy this motive wave with our target still intact at 1.1522. If you're nit long already, you could wait for minor pullbacks to buy this pair at the lowest possible risk. Expect a similar price action in AUDUSD, NZDUSD, GBPUSD and EURHKD. These pairs will have a similar price action during this intraday. Only buy or sell EURUSD if the other positively correlated pairs are giving the same signal
Trade Recommendations:
Expect a possible bullish price movements towards 1.1522
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