The short-term euro downtrend continues. Yesterday, traders again tried to break out the trend key resistance 1.0239 – 1.0228, but to no avail. As a result, the price closed below the zone in the American trading session.
Go short today when the corresponding sell pattern appears with a target at the August 3 low. If it is updated, the euro will most likely decline to test the Target Zone 1.0081 – 1.0060, which serves as a strong support level. After the price reaches it, a correction may develop.
EURUSD trading ideas for today:
Sell according to the pattern in Intermediary Zone 1.0239 – 1.0228.
StopLoss: according to the pattern rules.