Yesterday, the short-term euro downtrend continued. As a result, April 6 local low was updated, and the Gold Zone 1.0896 – 1.0887 was broken out. The next target for sales is Target Zone 2 1.0800 – 1.0781. Consider new sales at strong resistance levels, Additional Zone 1.0907 – 1.0902 and Intermediary Zone 1.0960 – 1.0950. The latter serves as the trend’s border.
Traders need to consolidate the price above level 1.0960 at the American trading session to enter euro purchases.
EURUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1.0907 – 1.0902.
TakeProfit: 1.0855.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1.0960 – 1.0950.
TakeProfit: 1.0855.
StopLoss: according to the pattern rules.
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