Euro/Dollar forecast for today: EURUSD analysis 23.02.2022

The short-term euro downtrend continues. Its main target is to update February 14 low. Yesterday, the price corrected to the zone of favorable sell prices 1.1384 – 1.1331. This zone was held. At the close of the American trading session, the price returned under the resistance levels. That’s why today look for and enter short trades with the first target at yesterday’s low.

The euro purchases are not profitable at the moment. They require a trend reversal. To reverse the trend, traders need to break out level 1.1384 and consolidate the price above.

EURUSD trading ideas for today:

Sell from the zone of 1.1360 – 1.1331.

TakeProfit: 1.1288, 1.1280.

StopLoss: 1.1370.

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