Euro/Dollar forecast for today: EURUSD analysis 26.04.2022

Yesterday, euro traders broke out level 1.0760 and reached the Gold Zone 1.0705 – 1.0695. After reaching the GZ, the price corrected and tested the Additional Zone 1.0759 – 1.0754. As a result, the AZ worked out, and the local low was updated.

Now traders are trying to break out the Gold Zone downside. If successful, the next target for sales will be Target Zone 3 1.0608 – 1.0589.

It is profitable to consider new euro sales on correction at strong resistance levels, Additional Zone 1.0749 – 1.0744 and Intermediary Zone 1.0802 – 1.0792. A pattern is required to enter sales. Yesterday’s low serves as the first target for sales.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.0749 – 1.0744.
    TakeProfit: 1.0700.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1.0802 – 1.0792.
    TakeProfit: 1.0700.
    StopLoss: according to the pattern rules.

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