Good day traders! Today’s quick peek is on EUR/USD.

Intraday price reaction from 1.1808 on EUR/USD suggests that pair is still making a corrective decline and that wave b was flat. As such, it can be an impulsive sell-off now down to 1.1700 level where new support can be found this week, and ideally will send pair sharply to the upside. So be aware of a reversal higher!

EUR/USD, 1h