The euro broke out the key resistance 1.1320 – 1.1315 of the short-term downtrend yesterday, and reversed to the upside in the short term. The next growth target is the upper Target Zone 1.1421 – 1.1403. The price is currently correcting and approaching the Additional Zone 1.1310 – 1.1306. Once that zone is tested, I suggest considering a pattern to buy with the first target at yesterday’s high.
If the Additional Zone is broken to the downside and the price consolidates below, the correction might continue with a target at the trend’s key support of 1.1266 – 1.1258.
Trading plan for EURUSD for today:
Buy according to the pattern from the Additional Zone 1.1310 – 1.1306.
StopLoss:According to pattern rules.