On Friday, the euro price fell sharply and updated the November 17 low. The Intermediary Zone 1.1286 – 1.1277 was also tested. The IZ, which serves as the short-term uptrend’s border, was held.
Today, the priority work scenario is to look for purchases according to the pattern with the first target in the zone of the November 18 high and with the second target in the upper Target Zone 1.1457 – 1.1439.
The update of Friday’s low and price consolidation lower are required for euro sales. In this case, the short-term trend will reverse down again, and the price will reach lower Target Zone 1.1198 – 1.1180.
EURUSD trading ideas for today:
Buy according to the pattern in Intermediary Zone 1.1286 – 1.1277.
TakeProfit: 1.1372.
StopLoss: according to the pattern rules.
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