Today’s forecast for the EURUSD: EURUSD analysis 26.05.2022

Euro quotes corrected yesterday to Intermediary Zone 1.0652 – 1.0642. The zone wasn’t broken out, and we can see the buyer’s reaction today. To open a long position, we need a pattern. The buying target will then be 24 May’s high.

If Intermediary Zone is broken out to the downside and the price consolidates below, the short-term trend will reverse down. Then, we might sell the euro with a target in the lower Target Zone.

Trading plan for EURUSD for today:

Buy according to the pattern from Intermediary Zone 1.0652 – 1.0642.
TakeProfit: 1.0746.
StopLoss: according to pattern rules.

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