The EURUSD is trading in the short-term uptrend. The upside target is the upper Target Zone 1.0572 – 1.0540. The price is now being corrected.
If the correction continues, the price will test support (A) 1.0342 – 1.0332. One could enter long trades in the support zone according to the pattern with the first target at yesterday’s high.
If support (A) is broken out downside, the correction will continue down to support (B) 1.0289 – 1.0273. This support zone is the border of the short-term uptrend. I also recommend entering purchases at the trend border.
EURUSD trading ideas for today:
- Buy according to the pattern at support (А) 1.0342 – 1.0332.
TakeProfit: 1.0446.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 1.0289 – 1.0273.
TakeProfit: 1.0446.
StopLoss: according to the pattern rules.
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.
