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Euro/Dollar forecast for today: EURUSD analysis  31.03.2022

The euro is trying to consolidate the price above the Target Zone 1.1155 – 1.1136. If this happens, the next target for purchases will be the Gold Zone 1.1242 – 1.1232.

The short-term trend remains up. Look for new purchases on correction at strong supports, Additional Zone 1.1136 – 1.1131 and Intermediary Zone 1.1088 – 1.1079. The latter serves as the border of the trend. To enter purchases, wait for the pattern to appear.

It will be profitable to consider sales if the trend reverses down. To do this, traders need to break out level 1.1079 downside.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1.1136 – 1.1131.
    TakeProfit: 1.1183.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 1.1088 – 1.1079.
    TakeProfit: 1.1183.
    StopLoss: according to the pattern rules.


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