Euro/Dollar Forecast for Today: EURUSD Analysis 20.01.2025

The euro is trading in the 1.0315 – 1.0260 channel. The short-term trend remains bearish. Therefore, consider short trades near 1.0315 with the target at 1.0260. If the asset consolidates below 1.0260, consider short trades with the main target at the January 13 low.

if the price pierces and consolidates above the 1.0315 level, one may consider long trades with the main target in the upper Target Zone 1.0481 – 1.0453.

EURUSD Trading Ideas for Today:

Buy above 1.0315.
TakeProfit: 1.0400.
StopLoss: 1.0288.
Sell below 1.0260.
TakeProfit: 1.0177.
StopLoss: 1.0288.

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