EURUSD is trading in a short-term uptrend and is trying to break out the upper Target Zone 1.0570 – 1.0550. If successful, the next target for long trades will be the Gold Zone 1.0656 – 1.0646.
Consider euro purchases in the Intermediary Zone 1.0509 – 1.0500. If June 22 high is updated during trading, the IZ rearrangement will be required. In this case, wait for a second correction in the new zone and look for purchases according to the pattern with the first target in the local high.
To enter sales and reverse the trend, traders need to consolidate the price below the Intermediary Zone. In this case, look for short trades with the target in the lower Target Zone 1.0413 – 1.0394.
EURUSD trading ideas for today:
Buy according to the pattern in Intermediary Zone 1.0509 – 1.0500.
TakeProfit: 1.0603.
StopLoss: according to the pattern rules.
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