EnglishMyanmar (Burmese)

Euro/Dollar forecast for today: EURUSD analysis 20.12.2021

The euro is being traded in a wide flat between the levels of 1.1353 and 1.1240. Last week, the price went up to the upper border from the lower border of the flat, and then went back to the lower border. Today, traders are trying to break through the level 1.1240 downward. If they succeed, the decline will continue with the target in the lower Target Zone 1.1184 – 1.1166.

If the 1.1240 level is held, there will be a correction to the short-term downtrend. The target of the correction will be the test of either the Additional Zone 1.1283 – 1.1278 or the Intermediary Zone 1.1331 – 1.1322.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.1283 – 1.1278.
  2. TakeProfit: 1.1235.
  3. StopLoss: according to the pattern rules.

  1. Sell according to the pattern in Intermediary Zone 1.1331 – 1.1322.
  2. TakeProfit: 1.1235.
  3. 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.