Yesterday, the euro broke out the Target Zone 1.0156 – 1.0135. The next target for sales is the Gold Zone 1.0050 – 1.0040. The short-term trend remains down.
Consider new sales on correction at strong levels, Additional Zone 1.0128 – 1.0122 and Intermediary Zone 1.0186 – 1.0175. The latter serves as the trend’s border. As long as the price is trading below the IZ, it is profitable to look for short trades. Focus on today’s low as the first target for taking profit.
EURUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1.0128 – 1.0122.
TakeProfit: 1.0071.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1.0186 – 1.0175.
TakeProfit: 1.0071.
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.
