Euro/Dollar forecast for today: EURUSD analysis 18.04.2023

EURUSD is trading in the correction to the short-term uptrend. Support (B) was tested yesterday (В) 1.0916 – 1.0900. The zone hasn’t been broken out, and the price could start rising.

There hasn’t been a buy pattern yet, and I recommend monitoring the market today. If there is a buy pattern, one could enter a long trade with a target at the high of April 14.

If the price breaks out level 1.0900, the short-term trend will turn down, and it will be relevant to sell the euro starting from the next trading day. The downside target will be the lower Target Zone 1.0757 – 1.0726.

EURUSD trading ideas for today:

Buy according to the pattern at support (В) 1.0916 – 1.0900.
TakeProfit: 1.1072.
StopLoss: according to the pattern rules.

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