TheEUR/USD reached the Target Zone 2, 1.1130 – 1.1113 yesterday. The price is now being corrected, but the short-term downtrend continues. Today, it is relevant to enter new sales at strong resistance levels: the Additional Zone 1.1180 – 1.1175 and the Intermediary Zone 1.1228 – 1.1219.
If the price breaks through yesterday’s low today, one should rearrange the margin zones. When the price breaks out the Target Zone 2, the next downside target will be the Gold Zone 2, 1.1042 – 1.1034.
EURUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1.1180 – 1.1175.
TakeProfit: 1.1130.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1.1228 – 1.1219.
TakeProfit: 1.1130.
StopLoss: according to the pattern rules.
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