Intraday Elliottwave Analysis: EURUSD, Lower stop loss, We stay short
EURUSD is consolidated in the triangle.
Price already closed back below daily Ichimoku Kijun-Sen.
We hold tactical short position from 1.1365, lower stop loss level to 1.1480, limited risk.
DXY is already near 161.8% projection target of a 5 wave rally, but no top sign yet.
Enough patience is needed at current stage.
However, unless we find a clearly reversal sign, we have no reason to directly trade against the major trend.
If the downtrend could resume, today EURUSD ideally one touch or close below 1.1285.
Daily close above 1.1343 will be the first recovery sign.
Intraday Trade Idea: (Spot 1.1331)
Sell Latentinterest Order: 1.1351
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