Euro/Dollar forecast for today: EURUSD analysis  19.08.2022

Yesterday, the euro broke out the Target Zone 1.0156 – 1.0135. The next target for sales is the Gold Zone 1.0050 – 1.0040. The short-term trend remains down.

Consider new sales on correction at strong levels, Additional Zone 1.0128 – 1.0122 and Intermediary Zone 1.0186 – 1.0175. The latter serves as the trend’s border. As long as the price is trading below the IZ, it is profitable to look for short trades. Focus on today’s low as the first target for taking profit.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.0128 – 1.0122.
    TakeProfit: 1.0071.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1.0186 – 1.0175.
    TakeProfit: 1.0071.
    StopLoss: according to the pattern rules.

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