Euro traders are trying to break through the short-term uptrend’s key support at 1.1266 – 1.1258. If they succeed and the price settles below, the short-term trend will reverse down. The selling target will then be the lower target zone 1.1178 – 1.1161.
As long as the key support isn’t broken, search for a pattern to buy with the first target around level 1.1350. Traders need to break through yesterday’s high of the US trading session to open long positions. The “1-2-3” pattern will then form.
Trading plan for EURUSD for today:
Buy according to the pattern from Intermediary Zone 1.1266 – 1.1258.
StopLoss: According to pattern rules.
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