Yesterday, the short-term euro uptrend continued. Before the release of the ECB interest rate, June 3 high was updated. As a result, the Intermediary Zone 1.0668 – 1.0658 yielded profits.
After the ECB left the euro interest rate unchanged, investors reacted to this by lowering prices. As a result, the Intermediary Zone was broken out, and the short-term trend reversed down. Now the target for sales is the lower Target Zone 1.0572 – 1.0553.
It is profitable to consider new euro sales on correction at strong levels, the Additional Zone 1.0663 – 1.0659 and the Intermediary Zone 1.0716 – 1.0707. The latter serves as the border of a short-term downtrend.
EURUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1.0663 – 1.0659.
TakeProfit: 1.0612.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1.0716 – 1.0707.
TakeProfit: 1.0612.
StopLoss: according to the pattern rules.
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