Euro/Dollar forecast for today: EURUSD analysis 01.08.2022

The EURUSD traders are trying to turn the short-term trend up via the consolidation above the Intermediary Zone 1.0213 – 1.0202. If the uptrend starts, the upside target will be the Target Zone 1.0329 – 1.0308. In this case, expect a correction and enter long trades at strong support levels.

If the price rolls down below level 1.0202, the trend will remain down. In this case, it will be relevant to enter short trades with a target at the low of July 29.

EURUSD trading ideas for today:

Monitor the market.

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