Trade of the Day – EURUSD – Buying dips with correction limited

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EURUSD - Intraday - We look to Buy at 1.1160 (stop at 1.1130) Closed the day little net changed. The 261.8% Fibonacci extension is located at 1.1276 from 1.1110 to 1.1174. Broken out of the wedge formation to the upside. Reverse trend line support comes in at 1.1158. The formation has a measured move target of 1.1323. Our profit targets will be 1.1320 and 1.1330 Resistance: 1.1276 / 1.1323 ...

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