The euro is trading up in the short term. The price corrected yesterday to the key support of the trend at 1.0697 – 1.0681. That zone was held. Today, we continue searching for a pattern to open euro longs with the first target at 30 May’s maximum and a second target in the Gold Zone 1.0839 – 1.0829.
To sell the euro, bears have to break level 1.0681 and consolidate below during the US trading session. We will then have a shift to a short-term downtrend and consider euro shorts with a target in the lower Target Zone 1.0594 – 1.0575.
Trading plan for EURUSD for today:
Buy according to the pattern from Intermediary Zone 1.0697 – 1.0681.
StopLoss: according to pattern rules.