Elliottwave Analysis: EURUSD, buy dips toward 1.1581

Yue Wang LinoCapital

EURUSD formed a potential double bottom around 1.1500.

According to Algo Trader system, medium term trend already point up.

Ideally a small base is formed around 1.1581/33.

To the topside, 1.1789/1.1818 is key levels to watch.

Above here, there's no major resistance until 1.1928.

Daily support levels: 1.1717 1.1692 1.1671

Dialy resistance levels: 1.1768 1.1788 1.1805

EURUSD Trade Idea:

①Buy Limit @ 1.1632 SL @ 1.1500 Take Profit @ 1.1928

②Buy Limit @ 1.1582 SL @ 1.1500 Take Profit @ 1.1928

Intraday Trade Idea: (spot 1.1765)

Sell Latentinterest Order: 1.1788

Buy Latentinterest Order: 1.1671

Click on the image to enlarge

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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