The short-term EURUSD downtrend continues. The main target of the fall is to update April 14 low. In case of its update, the fall is likely to continue, and the Gold Zone 1.0704 – 1.0695 will become a new target for sales.
At the moment, the euro correction is developing. If yesterday’s high is updated, the Intermediary Zone 1.0863 – 1.0853 will be reached within the correction. The IZ serves as a strong resistance level, where it is profitable to consider new sales.
EURUSD trading ideas for today:
- Hold down sales entered in the zone of 1.0810 – 1.0805.
StopLoss: at breakeven.
- Sell according to the pattern in Intermediary Zone 1.0863 – 1.0853.
StopLoss: according to the pattern rules.