Euro is trading up in the short-term trend. The price reached Gold Zone 2, 1.0869 – 1.0858. This zone has not been broken out, so the price won’t be rising instantly. If Gold Zone is held down by sellers, there could be a descending correction.
Following the correction, the price could reach support (A) 1.0768 – 1.0757 and support (В) 1.0715 – 1.0699. If so, one could enter long trades with the first target at today’s high.
EURUSD trading ideas for today:
- Buy according to the pattern at support (А) 1.0768 – 1.0757.
TakeProfit: 1.0872.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 1.0715 – 1.0699.
TakeProfit: 1.0872.
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.
