Euro/Dollar forecast for today: EURUSD analysis  18.03.2022

Yesterday, the EURUSD reached the upper Target Zone 1.1111 – 1.1092. The zone was not broken out. As a result, a correction and a test of the Additional Zone 1.1089 – 1.1084 occurred. The AZ serves as a strong support today. It is possible to search for purchases in the beforementioned AZ according to the pattern with the target at yesterday’s high.

At the moment, traders are trying to break out the Additional Zone. If successful, then the correction will continue with the target in the Intermediary Zone 1.1041 – 1.1031. The IZ serves as the border of a short-term uptrend. After reaching it, look for long trades with the target at yesterday’s high.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1.1089 – 1.1084.

    TakeProfit: 1.1134.

    StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 1.1041 – 1.1031.

    TakeProfit: 1.1134.

  3. StopLoss: according to the pattern rules.

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