The euro remains under pressure. Its price is declining against the US dollar. During yesterday’s trading session, EURUSD traded between two strong levels, the key resistance of 1.0911 – 1.0901 and Gold Zone 2 1.0834 – 1.0825.
Now the traders are testing the zone of the trend’s key resistance of 1.0911 – 1.0901. Look for a sell pattern there. When it appears, sell the euro again with a target at March 7 low.
To enter euro purchases, the price should close above level 1.0911 at the American trading session. In this case, the short-term trend will reverse up, and the target for purchases will be the upper TZ 1.1017 – 1.0997.
EURUSD trading ideas for today:
Sell according to the pattern in Intermediary Zone 1.0911 – 1.0901.
StopLoss: according to the pattern rules.