Euro is trading up in the short-term trend. The trend key support 1.0577 – 1.0561 was held up by buyers. The price is now rising, the upside target to break through the high of December 15. After the high is broken through, the market should continue rising to the Target Zone 1.0773 – 1.0752.
Today, it is relevant to hold up purchases up to the first target, according to the previous trading recommendations.
If the key support is broken out, it will be relevant to sell starting from the next day. In this case, the downside target will be the lower Target Zone 1.0418 – 1.0407.
EURUSD trading ideas for today:
Hold up purchases entered at support (В) 1.0577 – 1.0561.
TakeProfit: 1.0734.
StopLoss: 1.0550.
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.
