EUR/USD: Still Consolidating From 1.1230 Low
Gregor Horvat | Apr 18, 2016 05:54AM ET
Interesting, price gap on crude oil did not impact the EUR/USD which is still consolidating from 1.1230 low. Pullback is now getting higher and more complex so we are wondering if that’s already wave 2/B or is still wave four. However, in both cases we see rally as temporary that will send price back to the lows this week. First resistance is near 1.1330 while second one would be around 1.1380-1.1400.
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