In the second half of last week, the euro was being corrected down and reached support (A) 1.0342 – 1.0332, where one could enter new buy trades with a target at the high of November 24. If the high of November 24 is broken through, the next upside target will be Target Zone 1.0572 – 1.0540.
If support (A) is broken out, the price will reach support (B) 1.0289 – 1.0273. One could also enter purchases in this support zone, as support (B) is the trend border.
It will be relevant to sell the euro when the price breaks out level 1.0273 and consolidates below. If so, the short-term trend will turn down.
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.
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