Euro/Dollar forecast for today: EURUSD analysis 03.12.2021

The EURUSD sellers are going to break out the short-term uptrend’s key support 1.1294 – 1.1286. If they manage to break out the support and consolidate the price below, the short-term trend will reverse down. In this case, it will be profitable to sell the euro with the target in the lower Target Zone 1.1206 1.1189.

If sellers fail to break out the support, look for a buy pattern with a target around the November 30 high.

The report on the US nonfarm payrolls is expected to be released today. In this regard, high volatility for the instrument is possible.

EURUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1.1294 – 1.1286.

TakeProfit: 1.1380.

StopLoss: according to the pattern rules.

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