Euro/Dollar forecast for today: EURUSD analysis 08.04.2022

Yesterday, the short-term euro downtrend continued. As a result, April 6 local low was updated, and the Gold Zone 1.0896 – 1.0887 was broken out. The next target for sales is Target Zone 2 1.0800 – 1.0781. Consider new sales at strong resistance levels, Additional Zone 1.0907 – 1.0902 and Intermediary Zone 1.0960 – 1.0950. The latter serves as the trend’s border.

Traders need to consolidate the price above level 1.0960 at the American trading session to enter euro purchases.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.0907 – 1.0902.

    TakeProfit: 1.0855.

    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1.0960 – 1.0950.

    TakeProfit: 1.0855.

    StopLoss: according to the pattern rules.

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