EURUSD Elliott Wave Analysis 09 JUN 19
Updated
EurUsd trading under complex corrective pattern for last couple quaters. As per medium term structure also giving high probability to current complex pattern continue for few months.
In short term prospective, last week we got some strong momentum upside. This momentum will continue upto 1.1450 level, before that once again price fell to 1.1215 to 1.1200 support zone. As per my point of views during the FED meeting on this month we can expect this level to enter Long.
My Entry Levels for coming weeks:
Side : Long
Buy @ 1.1215 -- StopLoss @ 1.1125 -- Take Profit @ 1.1450
In short term prospective, last week we got some strong momentum upside. This momentum will continue upto 1.1450 level, before that once again price fell to 1.1215 to 1.1200 support zone. As per my point of views during the FED meeting on this month we can expect this level to enter Long.
My Entry Levels for coming weeks:
Side : Long
Buy @ 1.1215 -- StopLoss @ 1.1125 -- Take Profit @ 1.1450
Note
EURUSD trading nearly 1.1319 short term resistance level.. we can short with minor lot, counter trend trade with TP @ 1.1215...Note
EURUSD struggle @ 1.1319 resistance level....Daily close also below this resistance level. I am expecting weakness in EUR, Today's close below 1.1290 major support level more downside is possible on coming days....Note
1.1319 resistance level is big challenge for EURUSD on short term... every time Price is rejected from this level... possible more downside expected with DRAGHI speech tommorow...
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