The euro price continues to decline. Yesterday, the Target Zone 1.0992 – 1.0973 was broken out. Today traders reached the Gold Zone 1.0896 – 1.0887. If the GZ is broken out and the price consolidates below, the next target for sales will be the Target Zone 2 1.0800 – 1.0781.
Consider new euro sales on correction at strong resistance levels, the Additional Zone 1.0927 – 1.0922 and the Intermediary Zone 1.0980 – 1.0970. The latter serves as the border of a short-term downtrend.
To open sales, wait for a test of the levels indicated above and look for the corresponding pattern.
EURUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1.0927 – 1.0922.
TakeProfit: 1.0877.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1.0980 – 1.0970.
TakeProfit: 1.0877.
StopLoss: according to the pattern rules.
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