Yesterday, the short-term euro trend reversed down. The Intermediary Zone 1.1025 – 1.1015 was broken out. Today the lower Target Zone 1.0929 – 1.0910 serves as the target for sales. At the moment, the price is slightly correcting.
It is profitable to consider euro sales at strong resistance levels. The Additional Zone 1.1028 – 1.1024 is the first and closest resistance level. Above is the Intermediary Zone 1.1081 – 1.1072 which serves as the trend border. To enter sales, wait for the formation of the corresponding pattern and open a short trade. It will be possible to take a part of profits after updating yesterday’s low.
EURUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1.1028 – 1.1024.
TakeProfit: 1.0975,
Target Zone 1.0929 – 1.0910. StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1.1081 – 1.1072.
TakeProfit: 1.0975, Target Zone 1.0929 – 1.0910.
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.
