EURUSD continues to fall. As part of a short-term downtrend, the Target Zone 3 1.0608 – 1.0589 was reached today. If this zone is broken out, the next sales target will be the Gold Zone 3 1.0512 – 1.0503.
So far, traders have not managed to break out the Target Zone 3. Therefore, expect a correction, an opportunity for traders to sell the instrument at favorable prices. The most favorable sell prices may be in the Additional Zone 1.0640 – 1.0636 or the Intermediary Zone 1.0693 – 1.0684. The IZ serves as the trend border. Focus on today’s low as a target for sales.
EURUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1.0640 – 1.0636.
TakeProfit: 1.0590.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1.0693 – 1.0684.
TakeProfit: 1.0590.
StopLoss: according to the pattern rules.
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