On Thursday morning, a short-term euro downward trend continues. The downside target is the January 18 low and lower Target Zone 1.1306 – 1.1289. Also today the Additional Zone 1.1363 – 1.1358 was tested. This zone serves as a strong resistance to the correction, so look for new sales in it according to the pattern.
If the AZ is broken out during the trading session and the price consolidates higher at the US trading session, then the correction will continue with the target in the trend key resistance zone of 1.1411 – 1.1402. Look for short trades in this key resistance with the same targets.
EURUSD trading ideas for today:
Sell according to the pattern in Additional Zone 1.1363 – 1.1358.
TakeProfit: 1.1317.
StopLoss: according to the pattern rules.
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