The EURUSD is trading in the short-term downtrend. The downside target is the low of February 17. If the price breaks through the low of February 17 and breaks out the Gold Zone 1.0609 – 1.0598, the market will continue falling to the Target Zone 1.0503 – 1.0481.
I recommend entering new sell trades on the correction to the strong resistance levels, such as resistance (А) 1.0729 – 1.0718 and resistance (В) 1.0787 – 1.0771. The downside target is the low of February 17.
EURUSD trading ideas for today:
- Sell according to the pattern at resistance (А) 1.0729 – 1.0718.
TakeProfit: 1.0615.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 1.0787 – 1.0771.
TakeProfit: 1.0615.
StopLoss: according to the pattern rules.
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