The EURUSD ascending correction continued yesterday. The high of June 4 was broken through and the price tested resistance (В) 1.0810 – 1.0794. This resistance zone is the border of the short-term downtrend. One could enter sell trades in the zone with a target at the low of May 31. If the low of May 31 is broken through, the next downside target will be the Target Zone 1.0551 — 1.0529.
It will be relevant to buy the euro versus the US dollar when the price breaks out resistance (B) and consolidates above at the US session. In this case, the short-term trend will turn up and the upside target will be the upper Target Zone 1.0984 – 1.0953.
EURUSD trading ideas for today:
Sell according to the pattern at resistance (В) 1.0810 – 1.0794.
TakeProfit: 1.0637.
StopLoss: according to the pattern rules.
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