Euro/Dollar forecast for today: EURUSD analysis 22.04.2022

Euro traders failed to reverse the short-term trend up. Yesterday, an unsuccessful attempt was made to break out key resistance. As a result, the American session closed the price under the Intermediary Zone 1.0863 – 1.0853.

Thus, a short-term downtrend continues today. Looking for euro sales according to the pattern with a target at level 1.0760 is a top priority today. After reaching level 1.0760, the next target for sales will be the Gold Zone 1.0704 – 1.0695.

To enter purchases, traders need to consolidate the price above level 1.0863. In this case, the target will be the upper Target Zone 1.0968 – 1.0949.

EURUSD trading ideas for today:

Enter sales at current prices.

TakeProfit: Gold Zone 1.0704 – 1.0695.

StopLoss: 1.0870.

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