The short-term euro downtrend continues with the target to update January 21 low. Last Friday the price corrected in the Additional Zone 1.1349 – 1.1344. The AZ was held by the sellers. Now the reaction to the test of this zone can be seen. As a result, the price decreases with the previously indicated target.
Today I recommend considering short EURUSD trades.
The breakout of level 1350 and price consolidation above are required to enter purchases. In this case, the price will go into a deep correction with the target in the trend key resistance zone of 1.1397 – 1.1388.
EURUSD trading ideas for today:
Sell according to the pattern in Additional Zone 1.1349 – 1.1344.
TakeProfit: 1.1300.
StopLoss: according to the pattern rules.
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