Intraday Elliottwave Analysis: EURUSD, no bottom sign yet
|EURUSD reached our tactical long entry at 1.1655 last Friday.
But price had little reaction here.
According to Volume Profile study in Tradingview, long term control point is around 1.1770.
Below here, directly bearish toward 1.1594, 1.1550 or even 1.1474/40 could not be ruled out.
Although downside may be limited from current levels (if seen, perhaps about 1-2 big figures...?）, I still suggest to well control the risk: partial close the long trade from 1.1655 and lower stop to 1.1530; or simply close the trade for some small profit and wait for better opportunities.
Daily support Levels: 1.1625 1.1597 1.1582 1.1553
Daily resistance Levels: 1.1694 1.1705 1.1723 1.1732 1.1747
Intraday Trade Idea: (spot 1.1685)
①Buy Limit @ 1.1646 SL @ 1.1608 Take Profit @ 1.1686
②Sell Limit @ 1.1597 SL @ 1.1563 Take Profit @ 1.1625
Click on the image to enlarge
We provide Daily FX Report, Trade Copy, Email Alert and MT4 EA Rental. Free trial and 30 Days Money Back policy will be valid forever!. All the services could be Free
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.