Euro/Dollar forecast for today: EURUSD analysis 21.11.2022

Traders are exiting EURUSD long trades. The price is falling and is about to reach the uptrend key support zone 1.0279 – 1.0263. The market participants are trying to break out this support zone. If the support is broken out, the short-term euro trend will turn down. In this case, one could sell the euro starting from tomorrow with a target in the lower Target Zone 1.0120 – 1.0088.

Otherwise, if the trend key support is held up, expect a buy pattern to form and enter long trades with a target at the high of November 16. 

EURUSD trading ideas for today:

Buy according to the pattern in resistance (В) 1.0279 – 1.0263.
TakeProfit: 1.0436.
StopLoss: according to the pattern rules.

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