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Euro/Dollar forecast for today: EURUSD analysis

After reaching the Gold Zone 1.0353 – 1.0344, the EURUSD corrected in the key resistance zone of the short-term downtrend 1.0455 – 1.0445. This zone is not broken out, so continue to consider sales according to the pattern with the target at May 13 low.

An alternative scenario suggests the breakout of level 1.0455 and price consolidation above in the American session. In this case, the short-term trend will reverse up. Thus, from the next trading day, look for purchases with the target in the upper Target Zone 1.0560 – 1.0541.

EURUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1.0455 – 1.0445.
TakeProfit: 1.0353.
StopLoss: according to the pattern rules.





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