This is an empty menu. Please make sure your menu has items.
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Euro/Dollar forecast for today: EURUSD analysis  12.05.2022

The short-term euro trend reversed down. Yesterday, the price broke out the Intermediary Zone 1.0545 – 1.0536 and consolidated below. Now the target for sales is the lower Target Zone 1.0449 – 1.0430. Consider new short trades on correction at strong resistance levels, Additional Zone 1.0543 – 1.0538 and Intermediary Zone 1.0595 – 1.0586. The latter serves as the trend’s border.

Price consolidation above the trend border of 1.0595 in the American trading session is required for the euro purchases.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.0543 – 1.0538.
    TakeProfit: 1.0492.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1.0595 – 1.0586.
    TakeProfit: 1.0492.
    StopLoss: according to the pattern rules.




Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.