EURUSD - Bias turns bullish

11 lug 2019

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EURUSD - Intraday - We look to Buy at 1.1230 (stop at 1.1200)

A 5 wave bearish count has been completed at 1.1193. Selling posted in Asia. The rally has posted an exhaustion count on the intraday chart. The medium term bias remains bullish. Trading between support at 101230 and resistance at 1.1300. We have a 61.8% Fibonacci pullback level of 1.1226 from 1.1193 to 1.1280. Preferred trade is to buy on dips.

Our profit targets will be 1.1300 and 1.1340

Resistance: 1.1300 / 1.1308 / 1.1340
Support: 1.1260 / 1.1230 / 1.1193