Last Friday, the US dollar strengthened, and the EURUSD short-term trend turned down. The price broke out the trend border 1.0874 – 1.0858. Now, the downside target is the lower Target Zone 1.0715 – 1.0683.
The strong resistance areas are 1.0897 – 1.0886 and 1.0955 – 1.0939. Today, it is relevant to enter short trades in the resistance zones following an ascending correction.
If the price breaks through today’s low, the resistance zones should be rearranged.
EURUSD trading ideas for today:
- Sell according to the pattern at resistance (А) 1.0897 – 1.0886.
TakeProfit: 1.0780.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 1.0955 – 1.0939.
TakeProfit: 1.0780.
StopLoss: according to the pattern rules.
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