Euro/Dollar forecast for today: EURUSD analysis 02.09.2022

The short-term euro trend has once again reversed down. Yesterday, the Intermediary Zone 0.9973 – 0.9962 was broken out without patterns. Now the Target Zone 0.9867 – 0.9845 serves as the target for sales.

Consider new euro sales on correction at strong resistance levels, the Additional Zone 0.9969 – 0.9964 and the Intermediary Zone 1.0027 – 1.0017. Wait for a signal confirming the sale to enter trades.

To enter the euro purchases, traders need to break out the Intermediary Zone and consolidate the price higher.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 0.9969 – 0.9964.
    TakeProfit: 0.9914.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1.0027 – 1.0017.
    TakeProfit: 0.9914.
    StopLoss: according to the pattern rules.

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