Euro/Dollar forecast for today: EURUSD analysis 16.12.2022

The EURUSD broke through the local high, and the traders tried to drive the price up to the Target Zone 2, 1.0773 – 1.0752. However, the price hasn’t reached the TZ 2 and has started a correction. The market approached the trend border 1.0577 – 1.0561, where one could enter purchases with a target at yesterday’s high.

The scenario to buy will be cancelled if the trend turns down via the breakout of level 1.0561 downside. In this case, it will be relevant to sell with a target at the lower Target Zone 1.0418 – 1.0386. 

EURUSD trading ideas for today:

Buy according to the pattern at support (В) 1.0577 – 1.0561.
TakeProfit: 1.0734.
StopLoss: according to the pattern rules.

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