The EURUSD is trading in the short-term downtrend. The target is the Gold Zone 1.0667 – 1.0657. The price is being corrected with a target at resistance (А) 1.0818 – 1.0807. When resistance (A) is reached, one could enter new sell trades with the first target at the low of last week.
If resistance (A) is broken out, the price will go up to resistance (В) 1.0876 – 1.0860. After resistance (B) is tested, one could also look for short entries.
EURUSD trading ideas for today:
- Sell according to the pattern at resistance (А) 1.0818 – 1.0807.
TakeProfit: 1.0703.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 1.0876 – 1.0860.
TakeProfit: 1.0703.
StopLoss: according to the pattern rules.
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