Euro/Dollar forecast for today: EURUSD analysis 16.02.2022

Yesterday, there was a EURUSD correction. The Intermediary Zone 1.1376 – 1.1367 was reached as part of the correction. The IZ serves as the border of a short-term downtrend. Today, consider euro sales according to the pattern with a target at February 14 low.

To enter euro purchases, it is required to break out the Intermediary Zone and consolidate the price above level 1.1376. In this case, look for long trades with the target in the upper Target Zone 1.1473 – 1.1455.

EURUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1.1376 – 1.1367.

TakeProfit: 1.1281.

StopLoss: according to the pattern rules.

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