After reaching the main sales target within a short-term downtrend, the euro price corrected in the Additional Zone 1.0997 – 1.0992. The AZ serves as a strong resistance level on the way of price growth. Therefore, today I recommend looking for a sell pattern in order to update yesterday’s low.
If during the trading session the Additional Zone is broken out and the price consolidates higher, then the correction will continue with the target in the Intermediary Zone 1.1050 – 1.1040. The IZ serves as the border of a short-term downtrend. It is also possible to consider short trades in the beforementioned Intermediary Zone.
EURUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1.0997 – 1.0992.
TakeProfit: 1.0945.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1.1050 – 1.1040.
TakeProfit: 1.0945.
StopLoss: according to the pattern rules.
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