The euro is trading in an expanding range. Its upper boundary was tested yesterday. Since the resistance level was held, we can open shorts today with a target in the support (А) 1.0682 – 1.0671 or support (В) 1.0629 – 1.0613.
If support (B) is broken, the short-term trend will reverse to the downside and the lower red support line will be a new target.
To start buying the asset, market participants need to break out the upper inclined red resistance line. Then, the next target will be the upper Target Zone 1.0865 – 1.0834.
Trading plan for EURUSD for today:
Sell at current prices.