Euro/Dollar forecast for today: EURUSD analysis03.05.2022

Euro continues to trade in the range between the Intermediary Zone, 1.0576 – 1.0567 and the Gold Zone, 1.0512 – 1.0503. Wait for the price to exit the range down or up and enter either sales or purchases. The sales target is the Target Zone 4, 1.0416 – 1.0397. The target for purchases is the upper Target Zone, 1.0682 – 1.0663.

EURUSD trading ideas for today:

  1. Sell on retest after level 1.0500 breakout and price consolidation below.
    TakeProfit: Target Zone 4 1.0416 – 1.0397.
    StopLoss: 1.0529.
  2. Sell on retest after level 1.0576 breakout and price consolidation above.
    TakeProfit: Target Zone 1.0682 – 1.0663.
    StopLoss: 1.0545.

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