Euro/Dollar forecast for today: EURUSD analysis 20.04.2023

The EURUSD is trading above support (В) 1.0916 – 1.0900, the short-term uptrend continues. It is relevant to enter purchases according to the pattern with a target at the high of April 14. If the high of April 14 is broken through, the next upside target will be the Gold Zone 1.1147 – 1.1137.

If support (B) is broken out, and the price consolidates below, the short-term trend will turn down. In this case, one could enter sell trades with a target at 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.







Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission
.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.