Euro/Dollar forecast for today: EURUSD analysis03.03.2022

The short-term EUR/USD downtrend continues. Yesterday, traders tried to break out the Target Zone 1.1098 – 1.1080. They didn’t succeed, but today the bears will try again. If the TZ is broken out, the next target for sales will be the Gold Zone 1.1010 – 1.1001.

Otherwise, a correction in the trend key resistance 1.1162 – 1.1153 will begin. It will be profitable to look for new euro sales in the abovementioned resistance. The sales target will be yesterday’s low.

If yesterday’s low is updated during today’s trading session, key resistance should be rearranged.

EURUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1.1162 – 1.1153.

TakeProfit: 1.1060.

StopLoss: according to the pattern rules.

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