The euro continues to correct to the short-term uptrend. Yesterday, the price approached support (A) 1.0897 – 1.0888. Today sellers will try to test this zone again. After testing support (A), expect a pattern to form and open a long trade with a target at March 8 high.
If support (A) is broken out downside during trading, the correction will continue with the target at support (B) 1.0855 – 1.0842. Support (B) serves as the trend border. Thus, it is also possible to consider purchases there.
EURUSD trading ideas for today:
- Buy according to the pattern at support (А) 1.0897 – 1.0888.
TakeProfit: 1.0979.
StopLoss: at the breakeven. - Buy according to the pattern at support (В) 1.0855 – 1.0842.
TakeProfit: 1.0979.
StopLoss: according to the pattern rules.
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