The euro is trading in a short-term downtrend. Yesterday, a correction developed, within which the Intermediary Zone 1.0016 – 1.0005 was tested. The IZ was held by sellers, so sales in this zone remain relevant today. The target for sales will be yesterday’s low.
If yesterday’s low is updated, the Target Zone 2, 0.9944 – 0.9923 will be broken out. This means that the next trend target will be the Gold Zone 2, 0.9838 – 0.9828.
EURUSD trading ideas for today:
Sell according to the pattern in Intermediary Zone 1.0016 – 1.0005.
TakeProfit: 0.9902.
StopLoss: according to the pattern rules.
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