Euro/Dollar forecast for today: EURUSD analysis 04.04.2022

The short-term euro trend reversed down on March 31. On Friday, April 1, the decline continued. The main target of the fall is the lower Target Zone 1.0992 – 1.0973.

A correction is currently developing. If the price reaches the Additional Zone 1.1080 – 1.1075 within the correction, look for a sell pattern and sell the euro with the first target at April 1 low.

The trend border is shifting to the zone of 1.1133 – 1.1123. As long as the price is trading below this zone, the trend will remain down. 

EURUSD trading ideas for today:

Sell according to the pattern in the zone of 1.1133 – 1.1075.

TakeProfit: 1.1029, Target Zone 1.0992 – 1.0973.

StopLoss: according to the pattern rules.

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