Euro/Dollar forecast for today: EURUSD analysis 17.03.2022

After the news about the Fed’s interest rate, the euro price rose and consolidated above the Intermediary Zone 1.1006 – 1.0996. The short-term trend reversed up. Now the upper Target Zone 1.1111 – 1.1092 serves as the target for purchases.

It is profitable to open long euro trades on correction at strong support levels, Additional Zone 1.1004 – 1.0999 and Intermediary Zone 1.0956 – 1.0946. The latter serves as the border of the trend.

To enter euro sales it is required to break out the Intermediary Zone and consolidate the price below.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1.1004 – 1.0999.
    TakeProfit: 1.1051.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 1.0956 – 1.0946.
    TakeProfit: 1.1051.
    StopLoss: according to the pattern rules.

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