Yesterday, the sellers tried to reach the lower Target Zone as part of a short-term downtrend, but it didn’t work out the first time. As a result, at the close of the American trading session, a correction developed and the zone of favorable sell prices 1.1040 – 1.1020 was tested.
According to yesterday’s trading recommendations, traders can open short EURUSD trades. In this case, it makes sense to hold sales in the zone of 1.1031 – 1.1020 with the first target at yesterday’s low and with the second target in the Target Zone 1.0945 – 1.0926.
The price growth and consolidation above level 1.1066 will be the reasons for the cancellation of sales. In this case, the short-term trend will reverse up, so look for purchases. The target for purchases will be the upper Target Zone 1.1172 – 1.1153.
EURUSD trading ideas for today:
Hold down sales entered in the zone of 1.1031 – 1.1020.
TakeProfit: 1.0980, Target Zone 1.0945 – 1.0926.