The EURUSD is trading in the short-term downtrend. The traders tried to break out the Gold Zone 1.0609 – 1.0598 but failed. The price could be corrected up today.
If correction starts, it could drive the price up to resistance zone (A) 1.0693 – 1.0683 or resistance (B) 1.0752 – 1.0736. After these zones are reached by the price, I recommend entering new sell trades according to the pattern with a target at yesterday’s low.
EURUSD trading ideas for today:
- Sell according to the pattern at resistance (А) 1.0693 – 1.0683.
TakeProfit: 1.0580.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 1.0752 – 1.0736.
TakeProfit: 1.0580.
StopLoss: according to the pattern rules.
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