Traders are exiting EURUSD long trades. The price is falling and is about to reach the uptrend key support zone 1.0279 – 1.0263. The market participants are trying to break out this support zone. If the support is broken out, the short-term euro trend will turn down. In this case, one could sell the euro starting from tomorrow with a target in the lower Target Zone 1.0120 – 1.0088.
Otherwise, if the trend key support is held up, expect a buy pattern to form and enter long trades with a target at the high of November 16.
EURUSD trading ideas for today:
Buy according to the pattern in resistance (В) 1.0279 – 1.0263.
StopLoss: according to the pattern rules.