The EURUSD short-term uptrend continued yesterday. The price broke through the high of December 5 and broke out the upper Target Zone 1.0572 – 1.0540. The next upside target is the Gold Zone 1.0715 – 1.0699.
I recommend entering long trades on the correction after the test of strong support levels, such as support (A) 1.0567 – 1.0556 and support (B) 1.0514 – 1.0498. The latter zone is the border of the uptrend. To enter a purchase, one needs a reversal pattern. The first upside target is around yesterday’s high.
EURUSD trading ideas for today:
- Buy according to the pattern at support (А) 1.0567 – 1.0556.
TakeProfit: 1.0670.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 1.0514 – 1.0498.
TakeProfit: 1.0670.
StopLoss: according to the pattern rules.
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