The EURUSD trend has turned up. The price broke out the Intermediary Zone 1.0732 – 1.0722 yesterday. The upside target is the high of May 30 and the upper Target Zone 1.0837 – 1.0818.
I recommend entering new buy trades on the correction to the strong support levels. The strong support levels are the Additional Zone 1.0716 – 1.0711 and the Intermediary Zone 1.0668 – 1.0658. To enter a trade, one needs to wait for the support levels test and discover a pattern. The first upside target will be today’s high.
It won’t be relevant to sell the euro unless the price breaks out the Intermediary Zone downside and consolidates below.
EURUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1.0716 – 1.0711.
- TakeProfit: 1.0763, Target Zone 1.0837 – 1.0818.
- StopLoss: according to the pattern rules.
- Buy according to the pattern in Intermediary Zone 1.0668 – 1.0658.
- TakeProfit: 1.0763, Target Zone 1.0837 – 1.0818.
- StopLoss: according to the pattern rules.
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