Euro/Dollar forecast for today: EURUSD analysis 26.01.2023

Euro is trading up in the short-term trend. The upside target is Target Zone 1.0985 – 1.0964. It is relevant to enter new purchases on the correction to the strong support levels, support (A) 1.0820 – 1.0810 and support (B) 1.0767 – 1.0752.

It will be relevant to sell if the price breaks out level 1.0752 and consolidates below. If so, the short-term trend will turn down, and the downside target will be the lower Target Zone 1.0608 – 1.0577. 

EURUSD trading ideas for today:

  1. Buy according to the pattern at support (А) 1.0820 – 1.0810.
    TakeProfit: 1.0925.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 1.0767 – 1.0752.
    TakeProfit: 1.0925.
    StopLoss: according to the pattern rules.

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