EURUSD Wave 2 could be expanded flat or triangle to 1.1930/50

20 set 2020

EURUSD hourly chart suggest that potential lower degree Wave 1 is in place around 1.1750 levels. A potential Wave 2 seems to be underway since then and might unfold as an expanded flat towards 1.1930/50 or a potential triangle. It is a typical Wave 2 property to take its own time terminating. Bottom line: 1.2 handle should remain intact to keep bears in control.

Short against 1.2000, target is open.


Good luck!