Last Friday, the euro price consolidated above the Intermediary Zone 1.1283 – 1.1274, thus reversing the short-term trend up. Today started with a correction. As part of the correction, the traders reached the Additional Zone 1.1286 – 1.1282. Now this strong support is being tested. The AZ has not been broken out, so I suggest looking for purchases according to the pattern. Consider Friday’s high as the first target, and the upper Target Zone 1.1379 – 1.1362 as the second target.
The correction may continue. In this case, the trend border 1.1242 – 1.1233 will be reached. Look for long trades after reaching the trend border. Friday high and Target Zone 1.1379 – 1.1362 will remain as targets for purchases.
EURUSD trading ideas for today:
Open buy positions according to the pattern in 1.1286 – 1.1233.
TakeProfit: 1.1329, Target Zone 1.1379 – 1.1362.
StopLoss: according to the pattern rules.
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