Euro/Dollar forecast for today: EURUSD analysis 29.11.2021

Last Friday, the euro price consolidated above the Intermediary Zone 1.1283 – 1.1274, thus reversing the short-term trend up. Today started with a correction. As part of the correction, the traders reached the Additional Zone 1.1286 – 1.1282. Now this strong support is being tested. The AZ has not been broken out, so I suggest looking for purchases according to the pattern. Consider Friday’s high as the first target, and the upper Target Zone 1.1379 – 1.1362 as the second target.

The correction may continue. In this case, the trend border 1.1242 – 1.1233 will be reached. Look for long trades after reaching the trend border. Friday high and Target Zone 1.1379 – 1.1362 will remain as targets for purchases.

EURUSD trading ideas for today:

Open buy positions according to the pattern in 1.1286 – 1.1233.

TakeProfit: 1.1329, Target Zone 1.1379 – 1.1362.

StopLoss: according to the pattern rules.

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