The euro is breaking out the Intermediary Zone 1.0262 – 1.0252. The IZ serves as the border of a short-term uptrend. If traders manage to consolidate the price lower, the trend will reverse down. In this case, consider the euro sales with the target in the lower Target Zone 1.0156 – 1.0135.
If during the American trading session the price returns to the Intermediary Zone and forms a buy pattern, the growth will continue. The update of the August 10 high will serve as a target. In this case, open a long trade according to the pattern.
EURUSD trading ideas for today:
Buy according to the pattern in Intermediary Zone 1.0262 – 1.0252.
TakeProfit: 1.0367.
StopLoss: according to the pattern rules.
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