The short-term euro downtrend continues. The sales target is February 14 low. Yesterday, traders tested the trend key resistance 1.1376 – 1.1367, but unsuccessfully.
Today, continue searching for euro sales according to the pattern with the abovementioned target. If February 14 low is updated, then wait for the price to consolidate below the Target Zone 1.1318 – 1.1301. This will lead to reaching the next target in the Gold Zone 1.1230 – 1.1222.
Entering euro purchases requires updating of February 16 high and price consolidation above. In this case, the short-term trend will reverse up, and the upper Target Zone 1.1473 – 1.1455 will become the target for purchases.
EURUSD trading ideas for today:
Sell according to the pattern in Intermediary Zone 1.1376 – 1.1367.
TakeProfit: 1.1281.
StopLoss: according to the pattern rules.
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
