Following a drop amid the Fed’s interest rate decision, the EURUSD price started an ascending correction and tested resistance 1.0669 – 1.0664 yesterday. The zone has not been broken out, and one could enter new sell tardes in the reisstance zone with a target at the low of September 21.
If the indicated low is broken through, the next downside target will be Target Zone 1.0594 – 1.0574.
If the price breaks out the resistance zone of 1.0669 – 1.0664 today, the correction will continue up to resistance (А) 1.0722 – 1.0712 or resistance (В) 1.0775 – 1.0760. These zone are profitable to enter sell trades.
EURUSD trading ideas for today:
- Sell according to the pattern in resistance zone 1.0669 – 1.0664.
- TakeProfit: 1.0619.
- StopLoss: according to the pattern rules.
- Sell according to the pattern in resistance (А) 1.0722 – 1.0712.
- TakeProfit: 1.0619.
- StopLoss: according to the pattern rules.
- Sell according to the pattern in resistance (В) 1.0775 – 1.0760.
- TakeProfit: 1.0619.
- StopLoss: according to the pattern rules.
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