EURUSD - Intraday - We look to Buy at 1.1230 (stop at 1.1200)
A 5 wave 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 . 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