The short-term euro trend turned down yesterday. The downside target is now the lower Target Zone 1.0269 – 1.0248. The price is now being corrected up to the Intermediary Zone 1.0396 – 1.0386, this is the trend key resistance. I recommend entering short trades in the IZ with a target at yesterday’s low.
If the IZ is broken out upside today and the price consolidates above it at the US session, the short-term trend will turn up. If so, one could buy the euro tomorrow.
EURUSD trading ideas for today:
Sell according to the pattern in Intermediary Zone 1.0396 – 1.0386.
TakeProfit: 1.0284.
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.
