The euro continues trending down in the short term. The previous local low has been updated, and the price tested the Target zone 1.1306 – 1.1289 one more time. The pair then corrected and tested the Additional zone 1.1338 – 1.1334, which provoked the seller’s reaction. As a result, the price dropped and tested the inner limit of the Target zone at 1.1306. We see the price drawing back from the Target zone now.
However, the short-term downtrend continues. So, search for a pattern to sell the pair from the Additional zone today. The selling target will be an update of yesterday’s low.
If it’s updated, the pair can be expected to consolidate below the Target zone, and we will consider new sales with a target in the Gold zone 1.1218 – 1.1210.
Trading plan for EURUSD for today:
Sell according to the pattern from the Additional Zone 1.1338 – 1.1334.
TakeProfit: 1.1289.
StopLoss: According to pattern rules.
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