The euro is trading in correction to the short-term downtrend. As part of the correction, the price is approaching strong resistance in the margin zone of 1.0815 – 1.0806. After testing this zone, consider new sales with the first target at February 8 low. If this low is broken out, the next downside target will be February 6 low.
The trend border is in the zone of 1.0861 – 1.0848. As part of the correction, the price may also reach this zone. Therefore, after reaching this zone it will be possible to consider sales with the same targets.
EURUSD trading ideas for today:
- Sell according to the pattern at resistance (А) 1.0815 – 1.0806.
TakeProfit: 1.0742, 1.0725.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 1.0861 – 1.0848.
TakeProfit: 1.0742, 1.0725.
StopLoss: according to the pattern rules.
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