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Euro/Dollar forecast for today: EURUSD analysis  10.08.2022

The short-term euro downtrend continues. Yesterday, traders again tried to break out the trend key resistance 1.0239 – 1.0228, but to no avail. As a result, the price closed below the zone in the American trading session.

Go short today when the corresponding sell pattern appears with a target at the August 3 low. If it is updated, the euro will most likely decline to test the Target Zone 1.0081 – 1.0060, which serves as a strong support level. After the price reaches it, a correction may develop.

EURUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1.0239 – 1.0228.

TakeProfit: 1.0124.

StopLoss: according to the pattern rules.





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