Intraday Elliottwave Analysis: EURUSD, no buy signal yet
|EURUSD just hold above the bottom of the triangle.
According to Algo Trader System, medium term and long term trend still point down.
Price also failed to close above upper bands on H4 timeframe.
DXY was rejected by long term control point at 95.49.
Euro may in a potential turning point: break lower or major trend reversal.
For now we'll use upper bands and lower bands look for some short term opportunities.
Daily support levels: 1.1616 1.1588 1.1550
Dialy resistance levels: 1.1662 1.1671 1.1697 1.1724
Intraday Trade Idea: (spot 1.1651)
Sell Latentinterest Order: 1.1724
Buy Latentinterest Order: 1.1550
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