Intraday Elliottwave Analysis: EURUSD, 1.1871 is key level to watch

EURUSD traded in a narrow 60 pips' range.

Price needs to regain 1.1871 to erase immediate downside risk.

But DXY already closed above 93.28, we should be cautious here.

Daily support     Levels: 1.1797 1.1790 1.1765 1.1738 1.1728 1.1710
Daily resistance Levels: 1.1804 1.1815 1.1836 1.1851 1.1858 1.1872

 

Intraday Trade Idea:

Sell Latentinterest Order:  1.1884

Buy Latentinterest Order:  1.1736

eurusd chart

 


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Views are my own, not trading recommendations.