Euro/Dollar forecast for today: EURUSD analysis 08.12.2022

Yesterday the EURUSD was testing the key support of the short-term uptrend 1.0435 – 1.0419. The zone was held up, and the price went up. Traders again tried to break out the Target Zone 1.0572 – 1.0540, but the zone hasn’t been broken out. 

The price is trading in the range of 1.0572 – 1.0419. The further trend direction will be evident when the price breaks the range either up or down. If the Target Zone is broken out upside, the buy target will be the Gold Zone 1.0715 – 1.0699. When the key support is broken out downside, the sell target will be the lower Target Zone 1.0276 – 1.0245.

EURUSD trading ideas for today:

Monitor the market.

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