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.

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.