On Friday euro price corrected in the Intermediary Zone 1.1041 – 1.1031. The IZ serves as the border of a short-term uptrend. While this zone is being held, it is profitable to look for purchases according to the pattern with the target at the March 17 high. To form a pattern, traders need to consolidate the price above the Friday high at the American trading session.
To enter euro sales and reverse the trend, traders need to update March 18 low. In this case, the Intermediary Zone will be broken out, and traders will start to open short trades with the target in the lower Target Zone.
EURUSD trading ideas for today:
Buy according to the pattern in Intermediary Zone 1.1041 – 1.1031.
StopLoss: according to the pattern rules.