Ahead of the Fed’s decision on the federal funds rate, the EURUSD went below the low of July 26. Next, there has been a sharp correction up, and the price reached the Intermediary Zone 1.0213 – 1.0202, which is the border of the short-term downtrend. As long as the IZ is held down by sellers, it will be relevant to sell according to the pattern with a target at the low of July 27.
If the price breaks out the Intermediary Zone up today, the short-term trend will turn up. In this case, it will be relevant to buy the euro starting from tomorrow with a target in the upper Target Zone.
EURUSD trading ideas for today:
Sell according to the pattern in Intermediary Zone 1.0213 – 1.0202.
StopLoss: according to the pattern rules.