EURUSD is trading in the short-term downtrend. The euro traders should try to break through the low of May 15 and consolidate the price below. If they do, the next downside target will be the lower Target Zone 1.0773 – 1.0741.
If the low of May 15 is not broken through, the price will be corrected up to resistance (А) 1.0962 – 1.0951. One could enter short trades in the resistance zone with a target at today’s low.
EURUSD trading ideas for today:
- Sell according to the pattern at resistance (А) 1.0962 – 1.0951.
TakeProfit: 1.0847.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 1.1020 – 1.1004.
TakeProfit: 1.0847.
StopLoss: according to the pattern rules.
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