The EURUSD traders tried to continue the short-term uptrend. They also tried to consolidate the price above the high of May 5. However, the price hasn’t consolidated above this high. There is no buy pattern yet.
Today, monitor the traders’ behaviour around support (А) 1.0985 – 1.0975. If this support is held up and there is a buy pattern, one could enter a buy trade with a target at the high of May 4.
If support (A) is broken out, the price will go down to support (В) 1.0932 – 1.0916. This zone is the trend border; when it is reached, one could also enter a buy trade.
EURUSD trading ideas for today:
- Buy according to the pattern at support (А) 1.0985 – 1.0975.
TakeProfit: 1.1090.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 1.0932 – 1.0916.
TakeProfit: 1.1090.
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.
