Euro/Dollar forecast for today: EURUSD analysis 27.10.2022

The short-term euro uptrend continued yesterday. As a result, the Target Zone 2, 1.0077 – 1.0055 was reached. This zone was held by sellers. Now a downward correction is developing with a possible target to test the Additional Zone 1.0040 – 1.0035.

After the AZ test, consider new euro purchases with a target at today’s high. If the AZ is broken out downside, the correction will continue in the Intermediary Zone 0.9987 – 0.9977. The IZ serves as the border of a short-term uptrend, so after the price reaches it, also consider purchases.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1.0040 – 1.0035.
    TakeProfit: 1.0093.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 0.9987 – 0.9977.
    TakeProfit: 1.0093.
    StopLoss: according to the pattern rules.

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