During the previous trading day, we witnessed a possible correction of the impulsive wave (c) but is still below 1.1678. During this trading, I expect a possible rise towards 1.1678 and a clear rebound from this level to short the impulsive wave (c) with an ultimate target at 1.1120. This view can only be rendered futile in case the price end up above 1.1678, if this is the case, then further rise towards 1.17 is expected. This pair has a strong positive correlation to EURAUD, NZDUSD, and GBPUSD, and will move in the same direction today.
Sell Euro aroujnd 1.1678 with your target at 1.1120