Euro/Dollar forecast for today: EURUSD analysis 25.11.2022

The EURUSD is trading in the short-term uptrend. The upside target is the upper Target Zone 1.0572 – 1.0540. The price is now being corrected. 

If the correction continues, the price will test support (A) 1.0342 – 1.0332. One could enter long trades in the support zone according to the pattern with the first target at yesterday’s high. 

If support (A) is broken out downside, the correction will continue down to support (B) 1.0289 – 1.0273. This support zone is the border of the short-term uptrend. I also recommend entering purchases at the trend border.

EURUSD trading ideas for today:

  1. Buy according to the pattern at support (А) 1.0342 – 1.0332.
    TakeProfit: 1.0446.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 1.0289 – 1.0273.
    TakeProfit: 1.0446.
    StopLoss: according to the pattern rules.

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