Euro/Dollar forecast for today: EURUSD analysis 24.11.2021

Yesterday, the euro corrected in the Additional Zone 1.1274 – 1.1270. The price didn’t break out the AZ. As a result, the euro price fell and the previous low was repeated.

Support level 1.1233 has been reached. The Additional Zone yielded profits. For a further price fall, it is required to break out this level and consolidate the price below. In this case, the target for sales will be the lower Target Zone 1.1198 – 1.1180.

Otherwise, a new correction will develop. The target of this correction will be yesterday’s high and a test of the new Additional Zone 1.1280 – 1.1276. If the resistance is broken out upside, the Intermediary Zone 1.1329 – 1.1320 will be reached. The IZ serves as the border of a short-term downtrend.

EURUSD trading ideas for today:

Sell according to the pattern in Additional Zone 1.1280 – 1.1276.

TakeProfit: 1.1233.

StopLoss: according to the pattern rules.

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.