EURUSD: Watch To Sell After ABC Correction

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Euro / Dolar A.S. (OANDA:EURUSD)

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OANDA:EURUSD Euro / Dolar A.S.

Price completed a five-wave move down. This means that technically we are in an impulsive move directed to the downside. Now we have to anticipate a 3 wave correction.
I am expecting the price to increase up to the first zone of resistance near 1.1960 and the second zone near 1.2050. that zone is the place where I want to what for selling EURUSD. You can trade also the price increase now but be careful and place stops below 1.1783 or the 5-the wave.

Thank you and Good Luck!

Previous Scenario:

Komen:

Don't forget- the bigger picture is down:

EURUSD: Head & Shoulders - Wait For Confirmation Before Selling

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