EURUSD is being corrected down in the short-term uptrend. The price should test support (А) 1.0874 – 1.0865. After the support is tested, one could enter new buy trades with a target at the high of June 16.
If the high of June 16 is broken through, the next upside target will be the price consolidation above Target Zone 1.0984 – 1.0953. The next target will be the Gold Zone 1.1058 – 1.1049.
If support (A) is broken out, the price will reach support (B) 1.0826 – 1.0812. One could enter purchases in the second support zone as it is the trend border.
EURUSD trading ideas for today:
- Buy according to the pattern at support (А) 1.0874 – 1.0865.
TakeProfit: 1.0970.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 1.0826 – 1.0812.
TakeProfit: 1.0970.
StopLoss: according to the pattern rules.
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