The short-term EURUSD downtrend continues. Yesterday, the price corrected all day and tried to test the Intermediary Zone 1.0502 – 1.0493. Today the correction continues. Before the opening of the European trading session, traders tested the Intermediary Zone. Therefore, it is possible to start looking for sales according to the pattern with the target at yesterday’s low.
To reverse the trend and enter the euro purchases today, traders need to consolidate the price above the Intermediary Zone. In this case, the short-term trend will reverse up, and the target for purchases will be the upper Target Zone 1.0608 – 1.0589.
EURUSD trading ideas for today:
Sell according to the pattern in Intermediary Zone 1.0502 – 1.0493.
TakeProfit: 1.0399.
StopLoss: according to the pattern rules.
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