EURUSD Wave 1 now complete at 1.1778 or could push to 1.1754

EURUSD might have just terminated its impulse drop from 1.2 handle through 1.1778 respectively. It remained shy by 20 pips from 1.1754, its previous Wave 4 termination of a lesser degree. We still cannot rule out the possibility for yet another push lower but probabilities might be turning towards a counter trend rally. An A-B-C counter trend rally could potentially push prices through 1.1930 mark, as highlighted here. Shall update again as counter trend rally gains momentum.

Positional traders hold shorts, stop @ 1.2100, target is open.

Good luck!