Euro’s short-term uptrend continues today. Friday’s maximum has been updated, and the levels 1.0717 – 1.0712 in Additional zone have been reached. If the price manages to consolidate above Target zone 1.0752 – 1.0733 in today’s trading, the next buying target will be Golden zone 1.0839 – 1.0829.
New euro longs could be opened on a correction from strong support levels, the nearest one being Additional zone 1.0721 – 1.0716. Together with level 1.0697, they form a single area of profitable prices to buy. Once the price gets into this area, I suggest looking for a pattern to buy and then opening a long position with a target at today’s high. The euro trend’s boundary is moving to 1.0673 – 1.0641.
Trading plan for EURUSD for today:
- Buy according to the pattern from the zone 1.0697 – 1.0721.
TakeProfit: 1.0767.
StopLoss: According to pattern rules. - Buy according to the pattern from the zone 1.0641 – 1.0673.
TakeProfit: 1.0767.
StopLoss: According to pattern rules.
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