Today’s forecast for the EURUSD: EURUSD analysis  02.06.2022

The euro’s short-term trend reversed down. The Intermediary Zone 1.0690 – 1.0681 was broken out yesterday, and the US session closed lower. Now the selling target is the lower Target Zone 1.0594 – 1.0575.

The price is currently correcting and testing the Additional Zone 1.0679 – 1.0674.. The Additional Zone has been a strong resistance level so far, so shorts could be opened from that zone according to a pattern with the first target at yesterday’s low.

If the correction continues and the Intermediary Zone 1.0732 – 1.0722 is reached, we will consider short positions from that zone as well.

Trading plan for EURUSD for today:

  1. Sell according to the pattern from Additional Zone 1.0679 – 1.0674.
    TakeProfit: 1.0628.
    StopLoss: according to pattern rules.
  2. Sell according to the pattern from Intermediary Zone 1.0732 – 1.0722.
    TakeProfit: 1.0628.
    StopLoss: according to pattern rules.

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