The EURUSD is trading in the short-term uptrend. The upside target is Target Zone 2, 1.0773 – 1.0752. Last week, the price didn’t reach this zone and started a correction. Following the correction, the price tested support (B) 1.0577 – 1.0561. I recommend entering purchases in the support (B) zone with a target at the high of December 15.
If support (B) is broken out and the US session closes the price below, the short-term trend will turn down. If so, one could enter sell trades with a target at the lower Target Zone 1.0418 – 1.0386.
EURUSD trading ideas for today:
Buy according to the pattern at support (В) 1.0577 – 1.0561.
TakeProfit: 1.0734.
StopLoss: according to the pattern rules.
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