Yesterday, euro traders broke out the Intermediary Zone 1.0016 – 1.0005. The short-term trend has reversed up. However, the August 26 high was not updated.
Today, a correction has begun, within which traders are trying to break out the Additional Zone 1.0026 – 1.0020. If the price fails to return to this support, the correction will continue with the target in the Intermediary Zone 0.9973 – 0.9962. After the IZ test, consider euro purchases with a target at yesterday’s high.
To enter euro sales, the price must close below the Intermediary Zone in the American trading session.
EURUSD trading ideas for today:
Buy according to the pattern in Intermediary Zone 0.9973 – 0.9962.
StopLoss: according to the pattern rules.