Euro/Dollar forecast for today: EURUSD analysis 10.02.2022

EURUSD sellers are trying to break out the Intermediary Zone 1.1395 – 1.1386. This IZ serves as the border of a short-term uptrend. As long as it is held, look for purchases. The target for purchases will be the update of February 4 high.

To enter euro sales, it is required to break out the Intermediary Zone and consolidate the price below. In this case, the trend will reverse down. So, look for an opportunity to open short trades with the target in the lower Target Zone 1.1307 – 1.1290.

EURUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1.1395 – 1.1386.

TakeProfit: 1.1482.

StopLoss: according to the pattern rules.

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