EnglishMyanmar (Burmese)

Euro/Dollar forecast for today: EURUSD analysis 03.08.2022

The EURUSD short-term trend turned down. The Intermediary Zone 1.0187 – 1.0177 was broken out yesterday. Today, the upside target will be the lower Target Zone 1.0081 – 1.0060.

I recommend entering sell trades at the strong resistance levels, such as the Additional Zone 1.0208 – 1.0203 and the Intermediary Zone 1.0266 – 1.0256. The IZ is the trend border; as long as the price is trading below the zone, the trend will remain down. A part of sell trades could be exited at the breakthrough of the local lows.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.0208 – 1.0203.
    TakeProfit: 1.0151.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1.0266 – 1.0256.
    TakeProfit: 1.0151.
    StopLoss: according to the pattern rules.



Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission
.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.