The EURUSD has reached the primary upside target for trades entered in Intermediary Zone. The high of May 24 has been broken through. Traders are trying to consolidate the price above Target Zone 2, 1.0752 – 1.0733. If they succeed, the price will continue rising to Gold Zone 2, 1.0839 – 1.0829. Otherwise, the price will be corrected down to strong support levels.
It is relevant to enter new buy trades at strong support levels, Additional Zone 1.0717 – 1.0712 and Intermediary Zone 1.0669 – 1.0659, if the price tests the level and draws a pattern.
EURUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1.0717 – 1.0712.
TakeProfit: 1.0763.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 1.0669 – 1.0659.
TakeProfit: 1.0763.
StopLoss: according to the pattern rules.
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