Yesterday, the euro significantly strengthened. The short-term trend reversed up. As a result, the price reached the Target Zone 1.1017 – 1.0997, then broke it out and reached the Gold Zone 1.1103 – 1.1093. After that the price corrected and tested the Additional Zone 1.1047 – 1.1042. At the moment, the buyers’ reaction to the AZ test can be seen.
Today it is reasonable to look for purchases at strong support levels, as the trend has reversed up. Strong support levels are the Additional Zone 1.1047 – 1.1042 and the Intermediary Zone 1.0999 – 1.0989. To enter purchases, wait for the corresponding pattern. Focus on yesterday’s high as your buy target. If the Gold Zone is broken out during trading, then the next target for purchases will be the TZ 2 1.1209 – 1.1189.
EURUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1.1047 – 1.1042.
TakeProfit: 1.1094.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 1.0999 – 1.0989.
TakeProfit: 1.1094.
StopLoss: according to the pattern rules.
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