The strong euro downtrend continues. The Gold Zone 1.0134 – 1.0125 serves as a downside target. After reaching it, expect the correction to develop.
If the correction starts at the current levels, expect a test of the Additional Zone 1.0192 – 1.0187. The AZ serves as a strong resistance level, in which it is profitable to consider new sales. The target for sales will be today’s low of 1.0139.
The trend border is shifting to the zone of 1.0244 – 1.0235. As long as the price is trading below this zone, it is profitable to consider short trades.
EURUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1.0192 – 1.0187.
TakeProfit: 1.0139.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1.0244 – 1.0235.
TakeProfit: 1.0139.
StopLoss: according to the pattern rules.
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