Euro/Dollar forecast for today: EURUSD analysis 06.07.2022

The short-term euro downtrend continued yesterday. As a result, last week’s low was updated, and the Gold Zone 1.0326 – 1.0317 was broken out. The next target for sales is the Target Zone 2, 1.0230 – 1.0211.

It is profitable to consider new short trades on correction at strong levels, Additional Zone 1.0287 – 1.0283 and Intermediary Zone 1.0340 – 1.0331. The latter serves as the trend’s border. As long as the price is trading below the trend border, the trend will remain down. Yesterday’s low will serve as the main target for sales.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.0287 – 1.0283.
    TakeProfit: 1.0237.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1.0340 – 1.0331.
    TakeProfit: 1.0237.
    StopLoss: according to the pattern rules.

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