Ahead of the Fed’s decision on the federal funds rate, the EURUSD went below the low of July 26. Next, there has been a sharp correction up, and the price reached the Intermediary Zone 1.0213 – 1.0202, which is the border of the short-term downtrend. As long as the IZ is held down by sellers, it will be relevant to sell according to the pattern with a target at the low of July 27.
If the price breaks out the Intermediary Zone up today, the short-term trend will turn up. In this case, it will be relevant to buy the euro starting from tomorrow with a target in the upper Target Zone.
EURUSD trading ideas for today:
Sell according to the pattern in Intermediary Zone 1.0213 – 1.0202.
TakeProfit: 1.0099.
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.
