July 25th – EURUSD

After what appeared to be an impulsive recovery from the low at 1.0825, prices retraced in a clearly corrective fashion leaving yesterday’s top at 1.0866 vulnerable. As a very minimum, my expectations will be to see prices moving above that high. In order to eliminate the potential for further losses, we need to see prices moving above 1.0875 first and 1.09 thereafter.