Intraday Elliottwave Analysis: EURUSD, small divergence

EURUSD spiked to year-to-date new low at 1.1815.

The small RSI divergence should be taken into account.

It could not be translated into buy signal, but long term control point at 1.1790 is just below here.

We'll keep position flexible and wait for better opportunities.

Daily support      Levels: 1.1808 1.1802 1.1792 1.1778 1.1754 1.1748 1.1728 1.1715

Daily resistance Levels: 1.1857 1.1860 1.1877 1.1882 1.1904 1.1929 1.1937


Intraday Trade Idea:

Sell Latentinterest Order:   1.1877

Buy Latentinterest Order:   1.1779

eurusd chart


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Views are my own, not trading recommendations.