EURUSD - Bias turns bullish

FX:EURUSD   Euro / U.S. Dollar

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
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