Euro/Dollar forecast for today: EURUSD analysis  24.03.2022

The short-term euro downtrend continues. The chart shows a price drop in the zone of 1.1031 – 1.1020. March 22 low serves as the first target of this decline. The second target is the Target Zone 1.0945 – 1.0926. Breakout of the TZ downside will allow the price to drop to the Gold Zone 1.0849 – 1.0839.

Level 1.1066 serves as the border of the short-term downtrend. To reverse the trend and open purchases, it is required to break out the beforementioned level and consolidate the price above.

EURUSD trading ideas for today:

Hold down sales entered in the zone of 1.1031 – 1.1020.

TakeProfit: 1.0980, Target Zone 1.0945 – 1.0926.

StopLoss: 1.1048.

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