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Euro/Dollar forecast for today: EURUSD analysis 13.01.2023

The EURUSD reached Gold Zone 2, 1.0869 – 1.0858 yesterday. The short-term uptrend continues. If Gold Zone 2 is broken out, the next upside target will be Target Zone 3, 1.0985 – 1.0964.

One could enter new long trades on the correction to strong support levels, such as support (A) 1.0761 – 1.0751 and support (B) 1.0708 – 1.0693. To enter a long trade, expect the test of any of the zones and discover a buy pattern. The first upside target is today’s high. 

EURUSD trading ideas for today:

  1. Buy according to the pattern at support (А) 1.0761 – 1.0751.
    TakeProfit: 1.0866.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 1.0708 – 1.0693.
    TakeProfit: 1.0866.
    StopLoss: according to the pattern rules.






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