The EURUSD downtrend continues. Traders tried to reach resistance (A) 1.0729 – 1.0718 yesterday but failed. Buyers could try to test this zone again. Once the resistance (A) is tested by the price, I recommend selling the instrument according to the pattern with a target at the low of February 17.
The trend border is in the resistance zone of 1.0787 – 1.0771. If the trend border is reached as a part of the correction, one could also enter new sell trades.
EURUSD trading ideas for today:
- Sell according to the pattern at resistance (А) 1.0729 – 1.0718.
TakeProfit: 1.0615.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 1.0787 – 1.0771.
TakeProfit: 1.0615.
StopLoss: according to the pattern rules.
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