The EURUSD price is about to break out the upper Target Zone 1.1001 – 1.0975. If the price consolidates above the zone today, the next upside target will be the Gold Zone 1.1068 – 1.1059.
As the TZ hasn’t been broken out while the high of December 14 has been exceeded, we can assume that the traders have reached the primary buy target. If so, the market should start a correction and test support (А) 1.0928 – 1.0920 or support (В) 1.0886 – 1.0873. When support levels are tested, one could consider entering new purchases in the ongoing uptrend with a target at today’s high.
EURUSD trading ideas for today:
- Buy according to the pattern at support (А) 1.0928 – 1.0920.
TakeProfit: 1.1010.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 1.0886 – 1.0873.
TakeProfit: 1.1010.
StopLoss: according to the pattern rules.
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