EUR/USD: Bears Can Regain Control; Possibly Reach 1.1150
EUR/USD made a spike high today at 1.1397, before market turned down for 60 pips now, which makes me think that move up was wave C final wave of a corrective advance. That said, we stay bearish here for a new low, looking down to 1.1230 and then even 1.1150.
EUR/USD, 1H
Disclosure: None.