Intraday Elliottwave Analysis: EURUSD, a double bottom formation?

Yue Wang LinoCapital

EURUSD formed a potential double bottom around 1.1500.

Price also threatened to close above H4 upper bands.

Daily oscillators also threaten to cross-over from their range low.

We'll tactical long at 1.1595 and will add or reduce according to H4 bands.

Daily support levels: 1.1556 1.1530 1.1505

Dialy resistance levels: 1.1636 1.1665 1.1682

Intraday Trade Idea: (spot 1.1609)

Sell Latentinterest Order: 1.1682

Buy Latentinterest Order: 1.1595

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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