The EURUSD traders are trying to break out the lower Target Zone 1.0773 – 1.0741. The zone hasn’t been broken out. The short-term trend remains down.
One could enter new sell trades at resistance (А) 1.0876 – 1.0866 and resistance (В) 1.0935 – 1.0919. Enter short trades when there is a sell signal. The first downside target will be yesterday’s low.
If Target Zone is broken out and the price consolidates below, the next downside target will be the Gold Zone 1.0667 – 1.0657. In this case, the strong resistance zones should be rearranged.
EURUSD trading ideas for today:
- Sell according to the pattern at resistance (А) 1.0876 – 1.0866.
TakeProfit: 1.0762.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 1.0935 – 1.0919.
TakeProfit: 1.0762.
StopLoss: according to the pattern rules.
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