The fall of the euro price continued. As a result, the Target Zone 1.1198 – 1.1180 was reached. A correction is now developing in the beforementioned TZ. The target of the correction is to test the Additional Zone 1.1234 – 1.1230. After testing the AZ, look for new sales according to the pattern with a target at yesterday’s low.
If yesterday’s low is updated and the price consolidates below the Target Zone, the next target for sales will be the Gold Zone 1.1110 – 1.1101.
If the Additional Zone is broken out today and the price consolidates higher, then the correction will continue with the target in the Intermediary Zone 1.1283 – 1.1274. The IZ serves as the border of a short-term downtrend. Therefore, after reaching it, first of all, look for new sales.
EURUSD trading ideas for today:
Sell according to the pattern in Additional Zone – 1.1230.
StopLoss: according to the pattern rules.