Yesterday, after Russian-Ukrainian talks in Turkey, the euro strengthened. The short-term trend reversed up. The upper Target Zone 1.1155 – 1.1136 was immediately reached. After reaching the TZ, the price corrected and tested the Additional Zone 1.1089 – 1.1084. The AZ serves as a strong support. Today consider the euro purchases in the beforementioned IZ to update yesterday’s high.
If the Additional Zone is broken out during trading and the price consolidates lower, then the correction will continue with the target in the Intermediary Zone 1.1041 – 1.1031. The IZ serves as the border of the trend and provides the most favorable prices for opening purchases according to the methodology.
EURUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1.1089 – 1.1084.
- TakeProfit: 1.1136.
- StopLoss: according to the pattern rules.
- Buy according to the pattern in Intermediary Zone 1.1041 – 1.1031.
- TakeProfit: 1.1136.
- StopLoss: according to the pattern rules.
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