Euro buyers are trying to break out the Target Zone 1.0570 – 1.0550. If successful, the next target for purchases will be the Gold Zone 1.0656 – 1.0646.
Yesterday, after updating the local high, the euro corrected and tested the Additional Zone 1.0557 – 1.0552. The AZ is currently holding, so consider purchases in it according to the pattern with the target at yesterday’s high.
If the Additional Zone is broken out downside during trading, the correction will continue with the target in the Intermediary Zone 1.0509 – 1.0500. The IZ serves the trend key support, so look for purchases in it as well.
EURUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1.0557 – 1.0552.
TakeProfit: 1.0603.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 1.0509 – 1.0500.
TakeProfit: 1.0603.
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.
