The EURUSD trend was determined yesterday. The US session closed the price above the Intermediary Zone 1.0213 – 1.0202. The euro is trading in the short-term uptrend. The upside target is the upper Target Zone 1.0329 – 1.0308.
The price is now being corrected and testing the Additional Zone 1.0240 – 1.0235, a strong support level. I recommend entering purchases in the indicated zone according to the pattern with a target at today’s high.
If the Additional Zone is broken out downside, the correction will continue down to the Intermediary Zone 1.0187 – 1.0177. After the IZ test, one could enter long trades according to the pattern with a target at today’s high.
EURUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1.0240 – 1.0235.
TakeProfit: 1.0292.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 1.0187 – 1.0177.
TakeProfit: 1.0292.
StopLoss: according to the pattern rules.