Euro/Dollar forecast for today: EURUSD analysis 20.01.2022

On Thursday morning, a short-term euro downward trend continues. The downside target is the January 18 low and lower Target Zone 1.1306 – 1.1289. Also today the Additional Zone 1.1363 – 1.1358 was tested. This zone serves as a strong resistance to the correction, so look for new sales in it according to the pattern.

If the AZ is broken out during the trading session and the price consolidates higher at the US trading session, then the correction will continue with the target in the trend key resistance zone of 1.1411 – 1.1402. Look for short trades in this key resistance with the same targets.

EURUSD trading ideas for today:

Sell according to the pattern in Additional Zone 1.1363 – 1.1358.
TakeProfit: 1.1317.
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.