EURUSD Headed Into Strong 1.1650-1.1670 ResistanceEUR/USDOANDA:EURUSDew-forecastEURUSD is making a very nice recovery, but keep in mind that this is an overlapping move from the March 13 low. Whenever we see overlapping price action, especially in a seven swing structure like its possible here, it usually signals a corrective move. If that is the case, then bears could still return at some point. More important when tracking wave four, reversals often occur near the area of the previous wave four, which in this case comes in around 1.1650 to 1.1670. That zone looks like a very interesting potential reversal area, especially as it also aligns with the upper line of the corrective channel and the point where wave W could equal wave Y. Are you selling it, or you are buyer, thinking it will go higher? I appreciate your feedback GH