The EURUSD short-term downtrend continues. The price reached the trend border, resistance (B) 1.0887 – 1.0872, following the correction yesterday. The zone hasn’t been broken out. It is still relevant to enter shorts according to the pattern with a target at the low of March 24. If the low of March 24 is broken through, the next downside target will be the lower Target Zone 1.0611 – 1.0579.
It will be relevant to buy when the short-term trend turns up via the breakout of resistance (B). In this case, the upside target will be the upper Target Zone 1.1062 – 1.1031.
EURUSD trading ideas for today:
Sell according to the pattern in the zone of 1.0829 – 1.0887.
TakeProfit: 1.0715.
StopLoss: according to the pattern rules.
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
