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.

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.