The EURUSD is trading between the Gold Zone 1.0249 – 1.0240 and the Intermediary Zone 1.0171 – 1.0156. The short-term trend remains up. The upside target is to break through the high of July 21 and break out the Gold Zone. If the market goes according to the suggested scenario, the next upside target will be Target Zone 2, 1.0377 – 1.0356.
If the price breaks out the Intermediary Zone downside and closed below it at the US session, the short-term trend will turn down. If so, one could enter sell trades with a target in the lower Target Zone 1.0065 – 1.0044.
EURUSD trading ideas for today:
Buy according to the pattern in Intermediary Zone 1.0171 – 1.0156.
StopLoss: according to the pattern rules.