The EURUSD is trading in the short-term downtrend. Last week, the price tested resistance (B), and the price started falling. However, the price hasn’t broken through the low of March 1 or the low of February 27.
Starting form last Friday, the price started rising; the upside target is the high of March 1. If the high of March 1 is broken though, the short-term trend will turn up via the breakout of resistance (B). If resistance (B) is broken out, one could enter long trades with a target at the upper Target Zone 1.0882 – 1.0850.
If the high of March 1 isn’t broken through, it will be relevant to enter sell trades with a target at the low of February 27.
EURUSD trading ideas for today:
Monitor the market.