Euro/Dollar forecast for today: EURUSD analysis 23.03.2023

The EURUSD broke out the upper border of the trading range (the red sloped line) yesterday. The price reached the Target Zone 1.0865 – 1.0834 and broke it out. Now, the upside target is the Gold Zone 1.0950 – 1.0940. If the buyers break out this resistance, the next upside target will be the Target Zone 1.1067 – 1.1046.

It is relevant to enter new long trades on the correction at support levels, 1.0823 – 1.0813 and 1.0770 – 1.0754. The first upside target will be around today’s high.

EURUSD trading ideas for today:

  1. Buy according to the pattern at support (А) 1.0823 – 1.0813.
    TakeProfit: 1.0927.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 1.0770 – 1.0754.
    TakeProfit: 1.0927.
    StopLoss: according to the pattern rules.

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