Euro/Dollar forecast for today: EURUSD analysis  08.09.2022

The short-term euro trend reversed up. Yesterday, the Intermediary Zone 0.9980 – 0.9969 was broken out. Now the target for purchases is the upper Target Zone 1.0096 – 1.0075.

It is profitable to consider euro purchases on correction at the support zones, Additional Zone 0.9959 – 0.9954 and Intermediary Zone 0.9906 – 0.9896. Focus on today’s high as the first target.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 0.9959 – 0.9954.
    TakeProfit: 1.0010.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 0.9906 – 0.9896.
    TakeProfit: 1.0010.
    StopLoss: according to the pattern rules.

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