Euro/Dollar forecast for today: EURUSD analysis 28.07.2022

Ahead of the Fed’s decision on the federal funds rate, the EURUSD went below the low of July 26. Next, there has been a sharp correction up, and the price reached the Intermediary Zone 1.0213 – 1.0202, which is the border of the short-term downtrend. As long as the IZ is held down by sellers, it will be relevant to sell according to the pattern with a target at the low of July 27.

If the price breaks out the Intermediary Zone up today, the short-term trend will turn up. In this case, it will be relevant to buy the euro starting from tomorrow with a target in the upper Target Zone.

EURUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1.0213 – 1.0202.

TakeProfit: 1.0099.

StopLoss: according to the pattern rules.

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