Euro continues to be traded in a wide flat. Judging by the margin zones, the short-term trend is a downward one. The target for shorts is the December 17 minimum and the lower Target Zone 1.1184 – 1.1166.
Yesterday market participants tested the local resistance, Additional Zone 1.1283 – 1.1278. The Additional Zone was held: the price didn’t break through the level during the American session.
As for today, consider shorting the euro in the area of 1.1278 – 1.1331. You are going to need a pattern to sell. A “false breakout” of yesterday’s maximum will do as a pattern. If this is the case, open a short position and place a take profit at the minimum of December 17.
EURUSD trading ideas for today:
Sell according to the pattern in the area of 1.1278 – 1.1331.
StopLoss: according to the pattern rules.