Euro/Dollar forecast for today: EURUSD analysis 02.02.2022

The short-term euro trend reversed up once again. Yesterday, the Intermediary Zone 1.1218 – 1.1209 was broken out. Now the target for purchases is the upper Target Zone 1.1315 – 1.1297. I recommend looking for the euro purchases on correction at strong levels. Strong levels for today are Additional Zone 1.1233 – 1.1229 and Intermediary Zone 1.1189 – 1.1181.

To enter trades, wait for a test of the supports indicated above and look for a buy pattern. The first target for trades will be today’s high.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1.1233 – 1.1229.

    TakeProfit: 1.1277.

    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 1.1189 – 1.1181.

    TakeProfit: 1.1277.

    StopLoss: according to the pattern rules.

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