The short-term euro downtrend continues. Last Friday, traders tested the Intermediary Zone, 1.0576 – 1.0567 but were unsuccessful. Today the price tested the Gold Zone, 1.0512 – 1.0503.
Euro is trading in the range between levels 1.0576 and 1.0503. For the instrument to grow, the breakout of the resistance level of 1.0576 and price consolidation higher is required. For the EURUSD fall, wait for the breakout of the Gold Zone, 1.0512 – 1.0503 and the price consolidation below. In the first case, the purchase target will be the upper Target Zone, 1.0682 – 1.0663. In the second case, the target for sales will be the Target Zone 4, 1.0416 – 1.0397.
EURUSD trading ideas for today:
Sell according to the pattern in Intermediary Zone 1.0576 – 1.0567.
TakeProfit: 1.0475.
StopLoss: according to the pattern rules.
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
