Euro/Dollar forecast for today: EURUSD analysis 24.01.2022

The short-term euro downtrend continues with the target to update January 21 low. Last Friday the price corrected in the Additional Zone 1.1349 – 1.1344. The AZ was held by the sellers. Now the reaction to the test of this zone can be seen. As a result, the price decreases with the previously indicated target.

Today I recommend considering short EURUSD trades.

The breakout of level 1350 and price consolidation above are required to enter purchases. In this case, the price will go into a deep correction with the target in the trend key resistance zone of 1.1397 – 1.1388.

EURUSD trading ideas for today:

Sell according to the pattern in Additional Zone 1.1349 – 1.1344.

TakeProfit: 1.1300.

StopLoss: according to the pattern rules.

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