Euro/Dollar forecast for today: EURUSD analysis 21.12.2021

The euro is still being traded in a wide flat between the levels of 1.1353 and 1.1240.

Judging by the margin zones, the short-term trend for the euro is downward. The target for shorts is the lower Target Zone 1.1184 – 1.1166. Yesterday, the price corrected to a strong resistance level, Additional Zone 1.1283 – 1.1278. The zone was held, so today consider looking for a signal to sell the euro with the target at the December 17 minimum.

If the correction continues and the Additional Zone is broken through, then the EUR/USD rate will be in the area of the Intermediary Zone 1.1331 – 1.1322. This zone is the border of a short-term downtrend. You may look for a sell pattern in this zone once the price is in it.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional 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.

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