According to trading recommendations, Friday’s euro sales yielded profits today. As a result, the price reached the support level of 1.0760. The next target is the Gold Zone 2 1.0704 – 1.0695. After reaching the GZ, major traders can take profits, while the correction can start developing.
If the Gold Zone is broken out downside and the price consolidates below, the new target within the short-term downtrend will be the Target Zone 3 1.0608 – 1.0589.
Consider new euro sales on correction at strong levels, Additional Zone 1.0781 – 1.0776 and Intermediary Zone 1.0834 – 1.0824. Focus on today’s low as a target.
EURUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1.0781 – 1.0776.
TakeProfit: 1.0725.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1.0834 – 1.0824.
TakeProfit: 1.0725.
StopLoss: according to the pattern rules.
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