The short-term euro trend reversed up. Yesterday, the Intermediary Zone 1.0455 – 1.0445 was broken out, as a result of which the price immediately reached the Target Zone 1.0560 – 1.0541. The TZ has not been broken out yet, so focus on today’s high as a possible buy target.
Consider new euro purchases on correction after the test of strong support levels, the Additional Zone 1.0515 – 1.0510 and the Intermediary Zone 1.0467 – 1.0458. The latter serves as the border of the trend.
If today’s local high is updated during trading and the price closes above the Target Zone at the US session, the next target for purchases will be the Gold Zone 1.0647 – 1.0637.
EURUSD trading ideas for today:
- Buy according to the pattern in Additional Zone 1.0515 – 1.0510.
TakeProfit: 1.0562.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 1.0467 – 1.0458.
TakeProfit: 1.0562.
StopLoss: according to the pattern rules.
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.
