Euro/Dollar forecast for today: EURUSD analysis  01.03.2022

At the end of yesterday’s trading session, the euro price returned to the key support of the short-term uptrend 1.1186 – 1.1177. Today, looking for the euro purchases with a target at Friday’s high is a matter of primary importance. To enter purchases, wait for the formation of the corresponding pattern.

If the price falls below the trend key support during the trades, then wait for it to consolidate at the American session. Thus, sell the euro with the target at the last week’s low from the next trading day. The second target for sales will be the lower Target Zone 1.1098 – 1.1080.

EURUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1.1186 – 1.1177.

TakeProfit: 1.1282.

StopLoss: according to the pattern rules.

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