Euro/Dollar forecast for today: EURUSD analysis 17.02.2022

Yesterday, the EURUSD pair tried to break out the Intermediary Zone 1.1376 – 1.1367 and reverse the short-term trend up. However, the US trading session closed inside the resistance level. As a result, the short-term downtrend continues.

Today, the search for the euro sales according to the pattern in the Intermediary Zone is of high priority. The sales target will be February 14 low. When updating February 14 low, wait for the price consolidation below the Target Zone 1.1318 – 1.1301. In this case, the next sales target will be the Gold Zone 1.1230 – 1.1222.

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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