Yesterday, as part of a short-term downtrend, the euro reached the lower Target Zone 1.1318 – 1.1301. Sellers tried to break out the TZ, but the US trading session closed inside. Today the price went into correction and tested the Additional Zone 1.1328 – 1.1323. Look for new sales in this resistance according to the pattern with a target at yesterday’s low.
If the AZ is broken out during trading session, the correction will continue with the target in the trend border of 1.1376 – 1.1367. After reaching the trend border, look for sales.
EURUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1.1328 – 1.1323.
- TakeProfit: 1.1281.
- StopLoss: according to the pattern rules.
- Sell according to the pattern in Intermediary Zone 1.1376 – 1.1367.
- TakeProfit: 1.1281.
- StopLoss: according to the pattern rules.
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