Euro/Dollar forecast for today: EURUSD analysis 12.1.2022

The EURUSD is trading in the short-term uptrend. The first upside target is the high of November 28, the second buy target is Target Zone 1.0572 – 1.0540. When Target Zone is reached, there could start a correction.

If Target Zone is broken out upside, the price will continue growing to the Gold Zone 1.0715 – 1.0699.

If the price fails to reach the suggested targets and starts declining, it should break out the trend key support. In this case, one could consider selling the euro starting from tomorrow with a target at the lower Target Zone 1.0178 – 1.0146.

EURUSD trading ideas for today:

Hold up buy trades entered at support  (В) 1.0337 – 1.0321.
TakeProfit: 1.0494.
StopLoss: at breakeven.

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