Yesterday, the euro corrected to the upper border of the flat. At the moment, the traders are trying to consolidate the price above the Intermediary Zone 1.1331 – 1.1322. The IZ and the upper border of the flat 1.1350 represent a single zone, in which it is necessary to look for a short trade and sell the instrument with a target at level 1.1240.
Buy the euro when it the price breaks out level 1.1350 and consolidates higher. In this case, the short-term trend will reverse up, and the target for purchases will be the upper Target Zone 1.1428 – 1.1410.
EURUSD trading ideas for today:
Open sell positions according to the pattern in 1.1350 – 1.1322.
TakeProfit: 1.1240.
StopLoss: according to the pattern rules.
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