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Euro/Dollar forecast for today: EURUSD analysis07.04.2022

Yesterday, the euro was trading in a correction. Traders tested the Additional Zone 1.0927 – 1.0922, which was eventually held. As a result, the price fell and tested the Gold Zone 1.0896 – 1.0887. However, the sellers failed to break it out.

At the moment, buyers are active again and are preparing to break out the resistance level of 1.0927. If successful, the uptrend will continue with the target at the trend border of 1.0980 – 1.0970. After the trend border test, look for euro sales with a target at April 6 low. Open short trades if the Additional Zone is held.

EURUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1.0980 – 1.0970.

TakeProfit: 1.0877.

StopLoss: according to the pattern rules.




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