EURUSD remains buy on dips against 1.1213 levels!

20 Ara 2018

The EURUSD rallied through 1.1439 levels yesterday before pulling back lower again towards 1.1360/70 levels. It is trading around 1.1412/15 levels at this point in writing, looking to print lower towards 1.1350 levels before resuming rally. Structurally, the EURUSD could complete an up gartley at 1.1350 levels before turning higher towards 1.1650 and higher. Please note that it is a safe trading strategy to buy on dips towards 1.1350/60 levels, with a stop loss below 1.1213 and potential targets as 1.1650 and 1.1800/50 respectively. Looking at the lower degree wave counts, wave iii or c seems to be in progress since 1.1270 levels, within the higher degree Wave (C)that began from 1.1213 levels earlier. If the above structure holds true, we could see prices rallying swiftly towards 1.1650/1.1700 levels going forward. Overall, bullish structure remains for now, against 1.1213 levels.


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