The EURUSD short-term uptrend continued last Friday. The price has broken through the high of October 18. Next, the price started a correction, and traders are trying to break out the Additional Zone 0.9846 – 0.9841. Unless the Additional Zone is broken out, there will be a buy pattern. In this case, one could enter a buy trade with a target at today’s high.
If the Additional Zone is broken out downside, the correction should continue down to the Intermediary Zone 0.9793 – 0.9782, which is the border of the short-term uptrend. When the IZ is reached by the price, I suggest primarily considering purchases.
EURUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 0.9846 – 0.9841.
TakeProfit: 0.9897.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 0.9793 – 0.9782.
TakeProfit: 0.9897.
StopLoss: according to the pattern rules.
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