Euro/Dollar forecast for today: EURUSD analysis 11.05.2022

Despite the sellers’ efforts, the key support of the short-term uptrend 1.0545 – 1.0536 has not been broken yet. Thus, today look for purchases according to the pattern with the target in the upper Target Zone 1.0682 – 1.0663.

A trend reversal after the price consolidation below level 1.0536 in the American session is required for euro sales. In this case, the short-term trend will reverse down, so consider euro sales with a target in the lower Target Zone 1.0449 – 1.0430.

EURUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1.0545 – 1.0536.

TakeProfit: 1.0640, Target Zone 1.0682 – 1.0663.

StopLoss: according to the pattern rules.

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