The short-term euro downtrend continues. On Friday the Target Zone 1.0929 – 1.0910 was reached. Today sellers are trying to break out the TZ and consolidate the price below. If successful, the next target for sales will be the Gold Zone 1.0833 – 1.0823.
It is profitable to consider euro sales on correction at strong resistance levels, the Additional Zone 1.0953 – 1.0948 and the Intermediary Zone 1.1006 – 1.0996. To enter sales, find a corresponding pattern. Focus on today’s low as the first target.
Do not consider euro purchases yet. To enter long trades, the IZ breakout is required.
EURUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1.0953 – 1.0948.
TakeProfit: 1.0903.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1.1006 – 1.0996.
TakeProfit: 1.0903.
StopLoss: according to the pattern rules.
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