Euro/Dollar forecast for today: EURUSD analysis 19.05.2022

The euro corrected into the short-term uptrend’s key support of 1.0467 – 1.0458. In the Asian session today the first buyers’ reaction to the test of key support occurred. I suggest monitoring further progress at the European session. If the corresponding pattern appears, open a long trade with a target at yesterday’s high.

If the Intermediary Zone is broken out downside and the price closes lower in the American session during trading, the short-term trend will reverse down. In this case, from tomorrow, look for euro sales with the target in the lower Target Zone 1.0371 – 1.0352.

EURUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1.0467 – 1.0458.

TakeProfit: 1.0562.

StopLoss: according to the pattern rules.

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