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Euro/Dollar forecast for today: EURUSD analysis 23.11.2021

Yesterday, the short-term euro trend reversed down. The Intermediary Zone 1.1286 – 1.1277 was broken out. Now the lower Target Zone 1.1198 – 1.1180 serves as a target for sales. It is reasonable to consider new euro sales on correction at strong resistance levels, the Additional Zone 1.1274 – 1.1270 and the Intermediary Zone 1.1322 – 1.1314. The latter also serves as the border of a short-term downtrend.

It is necessary to break out at least one of the strong resistance levels indicated above to enter euro purchases. In this case, the price will move to the next highest margin zone.

EURUSD trading ideas for today:

Sell according to the pattern in Additional Zone 1.1274 – 1.1270.

TakeProfit: 1.1227.

StopLoss: according to the pattern rules.

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