Euro/Dollar forecast for today: EURUSD analysis18.08.2022

The euro is trading in a short-term downtrend. Traders are trying to break out the Target Zone 1.0156 – 1.0135. If successful, the next target for sales will be the Gold Zone 1.0050 – 1.0040.

Consider short trades in the Additional Zone 1.0180 – 1.0175 according to the pattern, or in the Intermediary Zone 1.0239 – 1.0228. The IZ serves as the trend’s border. As long as the price is trading below it, the trend will remain down. Focus on August 16 low as the first target for sales.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.0180 – 1.0175.
    TakeProfit: 1.0124.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1.0239 – 1.0228.
    TakeProfit: 1.0124.
    StopLoss: according to the pattern rules.

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