Euro/Dollar forecast for today: EURUSD analysis 27.01.2023

The EURUSD short-term uptrend continues. The upside target is Target Zone 1.0985 – 1.0964. The price is now being corrected and should test one of the supports, support (A) 1.0823 – 1.0812 or support (B) 1.0770 – 1.0754. The trend border is around support (B). While the price is trading above the trend border, it is relevant to enter long trades with a target at yesterday’s high.

It will be relevant to sell the euro if the price breaks out level 1.0754 and consolidates below. 

EURUSD trading ideas for today:

  1. Buy according to the pattern at support (А) 1.0823 – 1.0812.
    TakeProfit: 1.0927.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 1.0770 – 1.0754.
    TakeProfit: 1.0927.
    StopLoss: according to the pattern rules.

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