Despite the sellers’ attempts to break out the Intermediary Zone 1.0545 – 1.0536 and consolidate the price lower, euro buyers are still holding this support. It is impossible to say with certainty that the trend has reversed down. To reverse the trend, the price must close below level 1.0536 in the American session. In this case, consider sales with the target in the lower Target Zone 1.0449 – 1.0430.
However, if today the price closes again within the Intermediary Zone or higher, then from tomorrow, consider euro purchases with the first target at May 5 high and with the second target in the upper Target Zone.
EURUSD trading ideas for today:
Watch the market.