Euro/Dollar forecast for today: EURUSD analysis  01.09.2022

Yesterday, euro traders broke out the Intermediary Zone 1.0016 – 1.0005. The short-term trend has reversed up. However, the August 26 high was not updated.

Today, a correction has begun, within which traders are trying to break out the Additional Zone 1.0026 – 1.0020. If the price fails to return to this support, the correction will continue with the target in the Intermediary Zone 0.9973 – 0.9962. After the IZ test, consider euro purchases with a target at yesterday’s high.

To enter euro sales, the price must close below the Intermediary Zone in the American trading session.

EURUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 0.9973 – 0.9962.
TakeProfit: 1.0077.
StopLoss: according to the pattern rules.

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