The short-term euro trend reversed up on June 2. The Intermediary Zone 1.0732 – 1.0722 was broken out. Now the target for purchases is the Target Zone 1.0837 – 1.0818.
On Friday, the euro correction began, within which traders tested the Additional Zone 1.0716 – 1.0711. The AZ wasn’t broken out, so consider long trades in it today. Focus on Friday’s high as the first target.
If the Additional Zone is broken out downside during the trading session, the correction will continue with the target in the Intermediary Zone 1.0668 – 1.0658. The IZ serves as the trend border. After reaching it, look for purchases as well.
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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