On the EURUSD chart, a zone of good sell prices has formed between the levels of 1.0981 and 1.1006. Traders cannot break out this zone upside. The short-term trend remains down.
Today, it is profitable to search for sales in the resistance zone indicated above. Yesterday’s low serves as the target for sales.
After updating yesterday’s low, expect the price to consolidate below the Target Zone 1.0929 – 1.0910. In this case, the next target will be the Gold Zone 1.0833 – 1.0823.
To enter euro purchases and reverse the trend, it is necessary to break out the Intermediary Zone and consolidate the price higher at the American session. In this case, the trend will reverse up. From the next trading day, it will be possible to start looking for long trades with the target in the upper Target Zone 1.1111 – 1.1092.
EURUSD trading ideas for today:
Sell according to the pattern in the zone of 1.0981 – 1.1006.
StopLoss: according to the pattern rules.