The EURUSD short-term downtrend continued yesterday. The trades entered at resistance (А) 1.0785 – 1.0775 yielded profits, and the price broke through the low of February 7. The next downside target will be the Gold Zone 1.0609 – 1.0598.
I recommend entering new sell trades on the correction to strong resistance levels, the zones of 1.0772 – 1.0761 and 1.0830 – 1.0814. The first downside target will be today’s low.
It will be relevant to buy when the trend turns up via the breakout of level 1.0830 and consolidation above.
EURUSD trading ideas for today:
- Sell according to the pattern at resistance (А) 1.0772 – 1.0761.
TakeProfit: 1.0657.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 1.0830 – 1.0814.
TakeProfit: 1.0657.
StopLoss: according to the pattern rules.
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