After reaching the Target Zone 2 1.1491 – 1.1473, the euro price corrected and broke out the Additional Zone 1.1439 – 1.1435. After the AZ breakout on Friday, the price rose and tested the new resistance zone of 1.1460 – 1.1455. The price didn’t break out the resistance. Now the correction continues to develop with the first target at Friday’s low and with the second target in the Intermediary Zone 1.1395 – 1.1386.
The IZ serves as the border of the short-term uptrend. After its test, look for new purchases according to the pattern with the target at Friday’s high.
EURUSD trading ideas for today:
- Sell in Additional Zone 1.1460 – 1.1455.
TakeProfit: 1.1412.
StopLoss: 1.1478. - Buy according to the pattern in Intermediary Zone 1.1395 – 1.1386.
TakeProfit: 1.1482.
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.
