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Euro/Dollar forecast for today: EURUSD analysis  10.06.2022

Yesterday, the short-term euro uptrend continued. Before the release of the ECB interest rate, June 3 high was updated. As a result, the Intermediary Zone 1.0668 – 1.0658 yielded profits.

After the ECB left the euro interest rate unchanged, investors reacted to this by lowering prices. As a result, the Intermediary Zone was broken out, and the short-term trend reversed down. Now the target for sales is the lower Target Zone 1.0572 – 1.0553.

It is profitable to consider new euro sales on correction at strong levels, the Additional Zone 1.0663 – 1.0659 and the Intermediary Zone 1.0716 – 1.0707. The latter serves as the border of a short-term downtrend.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.0663 – 1.0659.
    TakeProfit: 1.0612.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1.0716 – 1.0707.
    TakeProfit: 1.0612.
    StopLoss: according to the pattern rules.



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