Euro/Dollar forecast for today: EURUSD analysis 16.03.2022

The short-term EURUSD downtrend continues.

Yesterday, traders tested the trend key resistance of 1.1006. Resistance was held and a sell pattern formed. Today the market is offering another chance to sell the euro at favorable prices with a target at March 14 low.

The update of yesterday’s high and price consolidation higher are required for the euro purchases and the trend reversal. In this case, consider new purchases with the target in the upper Target Zone 1.1111 – 1.1092.

EURUSD trading ideas for today:

Sell/hold sell trades entered in the zone of level 1.0980.

TakeProfit: Gold Zone 1.0833 – 1.0823.

StopLoss: 1.1022.




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.