Euro/Dollar forecast for today: EURUSD analysis 14.02.2022

The short-term euro trend reversed down last Friday. The price broke out the Intermediary Zone 1.1406 – 1.1398 and consolidated below. Now the lower Target Zone 1.1318 – 1.1301 serves as the sell target.

It is profitable to consider short euro trades on correction at the Additional Zone 1.1378 – 1.1373, which serves as a strong resistance level. The trend border 1.1426 – 1.1417 is above the AZ.

If the short-term downtrend continues today and the lower Target Zone is broken out, then the next sell target will be the Gold Zone 1.1230 – 1.1222.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.1378 – 1.1373.

    TakeProfit: Target Zone 1.1318 – 1.1301.

    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1.1426 – 1.1417.

    TakeProfit: Target Zone 1.1318 – 1.1301.

    StopLoss: according to the pattern rules.

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