Euro quotes corrected yesterday to Intermediary Zone 1.0652 – 1.0642. The zone wasn’t broken out, and we can see the buyer’s reaction today. To open a long position, we need a pattern. The buying target will then be 24 May’s high.
If Intermediary Zone is broken out to the downside and the price consolidates below, the short-term trend will reverse down. Then, we might sell the euro with a target in the lower Target Zone.
Trading plan for EURUSD for today:
Buy according to the pattern from Intermediary Zone 1.0652 – 1.0642.
StopLoss: according to pattern rules.