The EURUSD short-term downtrend continues. The price approaching the Gold Zone 1.0667 – 1.0657. After the GZ test, the price could be corrected up.
If the GZ is broken out and the price consolidates below, the next upside target is the Target Zone 1.0551 — 1.0529.
One could enter new sell trades on the correction to resistance (A) 1.0797 – 1.0787 or resistance (B) 1.0856 – 1.0840. When these zones are tested, there should be a sell pattern. In this case, one could enter a sell trade with a target at today’s low.
EURUSD trading ideas for today:
- Sell according to the pattern at resistance (А) 1.0797 – 1.0787.
TakeProfit: 1.0682.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 1.0856 – 1.0840.
TakeProfit: 1.0682.
StopLoss: according to the pattern rules.
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