Euro/Dollar Forecast for Today: EURUSD Analysis 18.11.2024

As of Monday morning, the euro is still trading in a short-term downtrend. The main target within the trend is the Gold Zone 1.0458 – 1.0446. Consider short trades at the resistance (A) 1.0619 – 1.0608 and resistance (B) 1.0681 – 1.0664. Once these zones are reached, consider short trades with the first target of 1.0557 and the second one at the November 14 low.

The price should break through the 1.0681 level to allow traders to open long trades and reverse the downtrend.

EURUSD Trading Ideas for Today:

Sell at resistance (A) 1.0619 – 1.0608.
TakeProfit: 1.0557, 1.0496.
StopLoss: 1.0640.

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