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.
TakeProfit: 1.0785.
StopLoss: according to 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.
