Today’s forecast for the EURUSD: EURUSD analysis 13.06.2022

Euro quotes collapsed at the end of Friday’s trading, and the Target Zone 1.0572 – 1.0553 was broken out. Next, the Gold Zone 1.0476 – 1.0466 was reached. The Gold Zone is a strong support level. For the price to break below, market participants must consolidate their positions beyond the Gold Zone during the US session.

There’s a correction developing at the moment. The Additional Zone 1.0521 – 1.0517 may be reached during the correction. The Additional Zone is a strong resistance level from which I suggest considering new shorts with the first target at today’s high.

The short-term downtrend’s boundary moves to 1.0574 – 1.0565.

Trading plan for EURUSD for today:

  1. Sell according to the pattern from Additional Zone 1.0521 – 1.0517.
    TakeProfit: 1.0470.
    StopLoss: according to pattern rules.
  2. Sell according to the pattern from Intermediary Zone 1.0574 – 1.0565.
    TakeProfit: 1.0470.
    StopLoss: according to pattern rules.

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