Euro/Dollar forecast for today: EURUSD analysis 18.11.2021

The euro is trading in a short-term downtrend. The target for sales is the Gold Zone 1.1252 – 1.1243. Since November 17, the price has gone into correction and is testing the zone of profitable sell prices 1.1360 – 1.1307. Today look for short trades according to the pattern in the abovementioned zone. Focus on November 17 low as the first profit-taking target

To buy the euro, it is necessary to reverse the short-term trend up by breaking out the Intermediary Zone and consolidating the price higher at the US trading session.

EURUSD trading ideas for today:

Sell according to the pattern in the zone of 1.1360 – 1.1307.

TakeProfit: 1.1265, Gold Zone 2 1.1252 – 1.1243.

StopLoss: according to the pattern rules.

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