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Euro/Dollar forecast for today: EURUSD analysis 19.11.2021

Yesterday the euro broke out the Intermediary Zone 1.1360 – 1.1351. The short-term trend has reversed up. Now the upper Target Zone 1.1457 – 1.1439 serves as the target for purchases.

At the moment, the pair is correcting down and testing the broken out Intermediary Zone. The zone of favorable prices for purchases is slightly lower, namely in the Additional Zone 1.1330 – 1.1325. If the AZ is broken out downside, expect the price in the Intermediary Zone 1.1286 – 1.1277. The IZ serves as the border of a new uptrend.

Today traders should pay attention to the euro purchases according to the pattern at strong support levels.

EURUSD trading ideas for today:

Buy according to the pattern in Additional Zone 1.1330 – 1.1325.

TakeProfit: Target Zone 1.1457 – 1.1439.

StopLoss: according to the pattern rules.

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