Euro/Dollar forecast for today: EURUSD analysis 31.01.2023

The EURUSD has been corrected down to support (A) 1.0823 – 1.0812. The short-term trend remains up. One could consider long positions today with a target at the high of January 26. If the high of January 26 is broken through, the next target will be Target Zone 1.0985 – 1.0964.

If support (A) is broken out, the price will go down to support (B) 1.0770 – 1.0754. This is the trend border, where one could also enter buy trades.

EURUSD trading ideas for today:

  1. Buy according to the pattern at support (А) 1.0823 – 1.0812.
    TakeProfit: 1.0927.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 1.0770 – 1.0754.
    TakeProfit: 1.0927.
    StopLoss: according to the pattern rules.







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