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Euro/Dollar forecast for today: EURUSD analysis 08.06.2022

The EURUSD short-term uptrend continues. Yesterday, the Intermediary Zone 1.0668 – 1.0658 was tested. The zone was held, so today, searching for purchases according to the pattern with a target at June 3 high is a priority. After updating the high, the price will move to the upper Target Zone 1.0837 – 1.0818.

Otherwise, wait for the breakout of the Intermediary Zone and price consolidation below in the American session. The short-term trend will reverse down, so from the next day, it will be possible to consider euro sales with the target in the lower Target Zone 1.0572 – 1.0553.

EURUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1.0668 – 1.0658.

TakeProfit: 1.0763, Target Zone 1.0837 – 1.0818.

StopLoss: according to the pattern rules.





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