The euro buy pattern was formed yesterday by breaking out the December 13 high at the US trading session. However, this pattern did not yield profit. The price has declined again and is testing the border of the short-term uptrend 1.1266 – 1.1258. It is still profitable to consider long trades in this zone with the target at level 1.1350.
If the price breaks out level 1.1258 and consolidates below at the US trading session, the buy scenario will be canceled. In this case, the trend will reverse down, and the target for sales will be the lower Target Zone 1.1178 – 1.1161.
EURUSD trading ideas for today:
Buy according to the pattern in Intermediary Zone 1.1266 – 1.1258.
TakeProfit: 1.1350.
StopLoss: according to the pattern rules.
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