Euro/Dollar forecast for today: EURUSD analysis 26.10.2022

Yesterday, the euro reached the Gold Zone 0.9960 – 0.9949. If today the GZ is broken out, the next growth target will be the Target Zone 2, 1.0077 – 1.0055.

It is profitable to consider new purchases on correction at strong support levels, the Additional Zone 0.9928 – 0.9923 and the Intermediary Zone 0.9875 – 0.9865. To enter purchases, wait for the zones’ test and look for the corresponding pattern.

To sell the euro, traders need to break out the Intermediary Zone downside and close the price below the zone at the American trading session.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 0.9928 – 0.9923.
    TakeProfit: 0.9980.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 0.9875 – 0.9865.
    TakeProfit: 0.9980.
    StopLoss: according to the pattern rules.

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