Euro/Dollar forecast for today: EURUSD analysis 19.12.2022

The EURUSD is trading in the short-term uptrend. The upside target is Target Zone 2, 1.0773 – 1.0752. Last week, the price didn’t reach this zone and started a correction. Following the correction, the price tested support (B) 1.0577 – 1.0561. I recommend entering purchases in the support (B) zone with a target at the high of December 15.

If support (B) is broken out and the US session closes the price below, the short-term trend will turn down. If so, one could enter sell trades with a target at the lower Target Zone 1.0418 – 1.0386. 

EURUSD trading ideas for today:

Buy according to the pattern at support (В) 1.0577 – 1.0561.
TakeProfit: 1.0734.
StopLoss: according to the pattern rules.

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.