Euro/Dollar forecast for today: EURUSD analysis 08.11.2022

In the short-term uptrend, the EURUSD broke out Target Zone 0.9963 – 0.9942. The next upside target is the Gold Zone 1.0058 – 1.0048. The price is now being corrected, driving closer to the Additional Zone 0.9980 – 0.9975.

Additional Zone is the strong support level. When the price reaches the AZ, I recommend entering purchases with the first target at yesterday’s high.

The trend key support is now in the zone of 0.9927 – 0.9917. If this zone is reached by the price, I also recommend entering purchases with a target at yesterday’s high.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 0.9980 – 0.9975.
    TakeProfit: 1.0031.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 0.9927 – 0.9917.
    TakeProfit: 1.0031.
    StopLoss: according to the pattern rules.

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