EUR/USD, Thursday, April 8, 2026 
The major currency pair EUR/USD was bullish again yesterday with the support of a weakening USD Index. This morning, on the H4 timeframe, a candle is seen moving downwards away from the daily higher area at 1.17227 towards the price level of 1.16600, holding above the dynamic EMA200 orange line intersection area with the blue EMA21 and purple EMA50 lines. Meanwhile, the CCI14 indicator appears to be starting a strong downward swing, attempting to break through the neutral area around the zero line. In general, the trading plan to BUY EUR/USD for today is still a profitable choice, by placing a stop loss at the EMA50 support area at the price level of 1.15700 and a take profit target at the resistance area of 1.18000.
