The euro continues to decline. Yesterday, March 25 low was updated. The next decline target is the Target Zone 1.0729 – 1.0704. After reaching it, expect the development of an upward correction.
It is profitable to consider new sales on correction at resistance (A) 1.0866 – 1.0857 and resistance (B) 1.0912 – 1.0899. To enter sales at the beforementioned resistances, wait for their test, see the reaction, and then detect a reversal pattern. Today’s low will serve as the first sales target.
EURUSD trading ideas for today:
- Sell according to the pattern at resistance (А) 1.0866 – 1.0857.
TakeProfit: 1.0774.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 1.0912 – 1.0899.
TakeProfit: 1.0774.
StopLoss: according to the pattern rules.
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