The euro is trading in an expanding range. Its upper boundary was tested yesterday. Since the resistance level was held, we can open shorts today with a target in the support (А) 1.0682 – 1.0671 or support (В) 1.0629 – 1.0613.
If support (B) is broken, the short-term trend will reverse to the downside and the lower red support line will be a new target.
To start buying the asset, market participants need to break out the upper inclined red resistance line. Then, the next target will be the upper Target Zone 1.0865 – 1.0834.
Trading plan for EURUSD for today:
Sell at current prices.
TakeProfit: 1.0630.
StopLoss: 1.0825.
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.
