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Euro/Dollar forecast for today: EURUSD analysis 18.01.2023

EURUSD has reached support (A) 1.0768 – 1.0757 today. After the support was tested, the buyers showed a reaction. So, it is relevant to enter long trades today with a target at the high of January 16. 

If the high of Jan 16 is broken through, the market will continue rising up to Target Zone 3, 1.0985 – 1.0964.

If the price chart breaks through today’s low, it could break out support (A) and reach support (B) 1.0715 – 1.0699. 

EURUSD trading ideas for today:

  1. Buy according to the pattern at support (А) 1.0768 – 1.0757.
    TakeProfit: 1.0872.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 1.0715 – 1.0699.
    TakeProfit: 1.0872.
    StopLoss: according to the pattern rules.





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