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Euro/Dollar forecast for today: EURUSD analysis  09.03.2022 

The euro remains under pressure. Its price is declining against the US dollar. During yesterday’s trading session, EURUSD traded between two strong levels, the key resistance of 1.0911 – 1.0901 and Gold Zone 2 1.0834 – 1.0825.

Now the traders are testing the zone of the trend’s key resistance of 1.0911 – 1.0901. Look for a sell pattern there. When it appears, sell the euro again with a target at March 7 low.

To enter euro purchases, the price should close above level 1.0911 at the American trading session. In this case, the short-term trend will reverse up, and the target for purchases will be the upper TZ 1.1017 – 1.0997.

EURUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1.0911 – 1.0901.

TakeProfit: 1.0810.

StopLoss: according to the pattern rules.



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