Euro/Dollar forecast for today: EURUSD analysis 04.03.2022 

Yesterday, another local low was updated and the Target Zone 1.1098 – 1.1080 was broken out. Today the price has already reached the Gold Zone 1.1010 – 1.1001. Expect the breakout of this support and the subsequent price decline in the Target Zone 2 1.0922 – 1.0904

It is profitable to consider new euro sales on correction at strong resistance levels, Additional Zone 1.1061 – 1.1056 and Intermediary Zone 1.1114 – 1.1104. To enter sales, wait for the corresponding pattern to appear. As a target, focus on today’s low. Euro purchases are not relevant yet.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.1061 – 1.1056.

    TakeProfit: 1.1010.

    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 1.1114 – 1.1104.

    TakeProfit: 1.1010.

    StopLoss: according to the pattern rules.

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