Euro continues to trade in the range between the Intermediary Zone, 1.0576 – 1.0567 and the Gold Zone, 1.0512 – 1.0503. Wait for the price to exit the range down or up and enter either sales or purchases. The sales target is the Target Zone 4, 1.0416 – 1.0397. The target for purchases is the upper Target Zone, 1.0682 – 1.0663.
EURUSD trading ideas for today:
- Sell on retest after level 1.0500 breakout and price consolidation below.
TakeProfit: Target Zone 4 1.0416 – 1.0397.
StopLoss: 1.0529. - Sell on retest after level 1.0576 breakout and price consolidation above.
TakeProfit: Target Zone 1.0682 – 1.0663.
StopLoss: 1.0545.