The short-term euro downtrend continues, within which the Gold Zone 1.1230 – 1.1222 was reached today. This resulted in the closing of large sales and price correction in the Additional Zone 1.1256 – 1.1252. The AZ serves as a strong resistance on the correction’s path. Today consider euro sales in the abovementioned AZ with a target at the day’s low.
In case of the breakout of the AZ and the level of 1.1256, the correction will continue in the Intermediary Zone 1.1305 – 1.1296. It would be reasonable to take advantage of this situation and enter long trades with the target at level 1.1300.
EURUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1.1256 – 1.1252.
TakeProfit: 1.1210.
StopLoss: according to the pattern rules. - Buy when the Additional Zone 1.1256 – 1.1252 is broken out.
TakeProfit: Intermediary Zone 1.1305 – 1.1296.
StopLoss: 1.1235.
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.
