The euro continues falling within a short-term downtrend. The main selling target from the Additional zone 1.1311 – 1.1307 was reached yesterday. Today, traders are coming close to the Gold zone 1.1218 – 1.1210. If it’s broken and the price consolidates below, the next selling target will be the Target zone 2, 1.1130 – 1.1113.
I recommend considering new shorts during a correction from strong resistance levels. Today, strong resistance is the Additional zone 1.1263 – 1.1259 and Intermediary zone 1.1311 – 1.1303. Consider the day’s low as a selling target.
Trading plan for EURUSD for today:
- Sell according to the pattern from Additional Zone 1.1263 – 1.1259.
TakeProfit: 1.1215.
StopLoss: According to pattern rules. - Sell according to the pattern from Intermediary Zone 1.1311 – 1.1303.
TakeProfit: 1.1215.
StopLoss: According to pattern rules.
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