Euro/Dollar forecast for today: EURUSD analysis 10.11.2022

The euro short-term uptrend continues. The upside target is Target Zone 2, 1.0175 – 1.0154. The price is now being corrected with a target to test Intermediary Zone 0.9990 – 0.9979. After the IZ is tested, I suggest entering purchases according to the pattern with a target at the high of November 8.

If the IZ is broken out downside and the US session closes the price below, the short-term trend will turn down. If so, one could consider entering sell trades. The downside target in this scenario will be the lower Target Zone 0.9884 – 0.9863. 

EURUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 0.9990 – 0.9979.
TakeProfit: 1.0093.
StopLoss: according to the pattern rules.

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