Yesterday, the Target Zone 1.0449 – 1.0430 was reached as part of a short-term euro downtrend. It was broken out during the trading session, and the price continued to decline in the Gold Zone 1.0353 – 1.0344. After reaching the GZ in the American session, the price corrected.
At the moment, buyers are testing the Additional Zone 1.0406 – 1.0402. If this zone is held, then the decline will continue. The target for sales will be May 12 low. If the AZ is broken out upside, the correction will continue with the target in the Intermediary Zone 1.0459 – 1.0450. The IZ serves as the trend’s border, so after its test, also look for sales.
EURUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1.0406 – 1.0402.
- TakeProfit: 1.0353.
- StopLoss: according to the pattern rules.
- Sell according to the pattern in Intermediary Zone 1.0459 – 1.0450.
- TakeProfit: 1.0353.
- StopLoss: according to the pattern rules.
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