Euro/Dollar forecast for today: EURUSD analysis 17.12.2021

Yesterday, the euro updated its December 8 high. The next target of the uptrend is the upper Target Zone 1.1421 – 1.1403.

After updating the December 8 high, the price corrected to the Additional Zone 1.1316 – 1.1311. The AZ has been held, so today consider euro purchases in it with the first target in the zone of yesterday’s high.

If today the Additional Zone is broken out downside and the price consolidates below, then the correction will continue with the target in the Intermediary Zone 1.1272 – 1.1263. After reaching the IZ, look for purchases according to the pattern with the same targets.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1.1316 – 1.1311.
  2. TakeProfit: 1.1359.
  3. StopLoss: according to the pattern rules.

  1. Buy according to the pattern in Intermediary Zone 1.1272 – 1.1263.
  2. TakeProfit: 1.1359.
  3. StopLoss: according to the pattern rules.

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