Euro/Dollar forecast for today: EURUSD analysis 09.12.2022

Euro is rising in the short-term uptrend and approaching the primary upside target at the high of December 5. After the high of December 5 is broken through, the price should consolidate above the Target Zone 1.0715 – 1.0699.

If the price doesn’t consolidate above the high of December 5, it will be corrected down. In this case, one should rearrange the strong support levels and expect the price to reach these levels. One could consider entering new buy trades at the new support levels.

EURUSD trading ideas for today:

Monitor the market.

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