Euro/Dollar forecast for today: EURUSD analysis 04.02.2022

Yesterday, the European Central Bank left the interest rate unchanged at 0.00%. Traders reacted unexpectedly to this decision. As a result, monetary policy was not tightened, but the euro price has increased.

The February 2 high has been updated. The Gold Zone 1.1394 – 1.1385 was also reached. Subsequently, the GZ was also broken out. The next target for purchases is the Target Zone 2 1.1491 – 1.1473.

Consider new purchases on correction at strong levels, such as the Additional Zone 1.1427 – 1.1423 and the Intermediary Zone 1.1383 – 1.1375.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1.1427 – 1.1423.

    TakeProfit: 1.1473.

    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 1.1383 – 1.1375.

    TakeProfit: 1.1473.

    StopLoss: according to the pattern rules.

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