Euro/Dollar forecast for today: EURUSD analysis 30.11.2021

Yesterday, the euro price corrected in the zone of good buy prices 1.1286 – 1.1233. Today the price left this zone and reached the first buy target, the level of 1.1325. The next target for purchases is the upper Target Zone 1.1379 – 1.1362. According to yesterday’s article, I recommend moving open trades to breakeven.

It is reasonable to consider new long euro trades on a corrective decline with a target in the upper Target Zone 1.1379 – 1.1362.

To reverse the trend and enter sales, it is required to break out yesterday’s low and consolidate the price below.

EURUSD trading ideas for today:

Hold up a part of purchases entered in the zone of 1.1286 – 1.1233.

TakeProfit: Target Zone 1.1379 – 1.1362.

StopLoss: at the breakeven.

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.