Intraday Elliottwave Analysis: EURUSD, still have room to fall

Yue Wang LinoCapital

EURUSD closed below the uptrend line from 2017.

Further downside toward 1.1426/1.1346 could not be ruled out.

If seen, will use the potential strength during month-end re-balancing to re-build tactical short positions, and look to add- or reduce after NFP.

Daily support Levels: 1.1512 1.1481 1.1450 1.1438

Daily resistance Levels: 1.1565 1.1587 1.1608 1.1644

Intraday Trade Idea: (spot 1.1539)

①Buy Limit @ 1.1431 SL @ 1.1410 Take Profit @ 1.1511

②Sell Limit @ 1.1582 SL @ 1.1627 Take Profit @ 1.1489

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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