Yesterday, the euro broke out the Target Zone 0.9865 – 0.9843. The next target for purchases is the Gold Zone 0.9960 – 0.9949. Now the euro is correcting in order to test a new Additional Zone 0.9845 – 0.9840. After the AZ test, consider purchases according to the pattern with the target at today’s high.
If the Additional Zone is broken out downside during the trading, the correction will continue with the target in the Intermediary Zone 0.9792 – 0.9781. The IZ serves as the border of a short-term uptrend. After the price reaches it, also consider purchases according to the pattern with the target at the day’s high.
EURUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 0.9845 – 0.9840.
TakeProfit: 0.9897.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 0.9792 – 0.9781.
TakeProfit: 0.9897.
StopLoss: according to the pattern rules.
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