Yesterday, euro traders broke out the Target Zone 3 1.0608 – 1.0589. As a result, the price reached the Gold Zone 3 1.0512 – 1.0503. After that, the price corrected in the Additional Zone 1.0567 – 1.0562.
Today, yesterday’s low has been updated. Thus, the Additional Zone 1.0567 – 1.0562 worked out.
At the moment, traders are trying to consolidate the price below the Gold Zone 3. If successful, then the fall will continue, and the target for sales will be the Target Zone 4 1.0416 – 1.0397. Otherwise, a correction will begin, within which strong resistance levels will be tested, the new Additional Zone 1.0533 – 1.0529 and the Intermediary Zone 1.0586 – 1.0577.
EURUSD trading ideas for today:
- Sell according to the pattern in Additional Zone 1.0533 – 1.0529.
TakeProfit: 1.0483.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 1.0586 – 1.0577.
TakeProfit: 1.0483. - StopLoss: according to the pattern rules.
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