Euro/Dollar forecast for today: EURUSD analysis    05.04.2022

The euro price is declining within a short-term downtrend. Currently, the price is trying to consolidate below the Target Zone 1.0992 – 1.0973. If successful, the next target will be the Gold Zone 1.0896 – 1.0887.

Consider new euro sales on correction at strong resistance levels, Additional Zone 1.1013 – 1.1008 and Intermediary Zone 1.1066 – 1.1056. The latter serves as the trend’s border.

Euro purchases are currently unprofitable.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.1013 – 1.1008.

    TakeProfit: 1.0961.

    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1.1066 – 1.1056.

    TakeProfit: 1.0961.

    StopLoss: according to the pattern rules.

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