Euro/Dollar forecast for today: EURUSD analysis 03.05.2023

The EURUSD is trading up in the short-term trend. Yesterday, the traders were testing support (В) 1.0936 – 1.0920. Buyers show a reaction in the support zone, but there hasn’t been a buy pattern. Today, I recommend monitoring the market and expecting a buy pattern. In case of a long trade, the upside target will be the high of April 26.

If support (B) is broken out, the short-term trend will turn down. In this case, it will be relevant to sell with a target in the lower Target Zone 1.0777 – 1.0745.

EURUSD trading ideas for today:

Buy according to the pattern at support (В) 1.0936 – 1.0920.
TakeProfit: 1.1092.
StopLoss: according to the pattern rules.

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