Euro/Dollar forecast for today: EURUSD analysis 28.10.2022

Yesterday, the euro broke out the Intermediary Zone 0.9987 – 0.9977. The short-term trend reversed down. Now the target for sales is the lower Target Zone 0.9881 – 0.9860.

Consider new euro sales on correction after the test of strong resistance levels, the Additional Zone 1.0015 – 1.0010 and the Intermediary Zone 1.0074 – 1.0063. The latter serves as the border of a short-term downtrend. Focus on yesterday’s low as the first target for sales.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.0015 – 1.0010.
    TakeProfit: 0.9960.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1.0074 – 1.0063.
    TakeProfit: 0.9960.
    StopLoss: according to the pattern rules.





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