A Trader's View of the Forex Market on 4.05.2026

Hello. Below will be several recommendations for trading on the Forex market on 4.05.2026

On the EURUSD pair, the week closed with a Pin Bar pattern, making the week's high. In a situation where price is moving in such a sideways range, there are not many trading options. Either watch and wait for a clearer situation or keep reversing in short trades. I will look at the week's opening and if we get a move up to the 1,1754 level, I will try to look for intraday sells. With the expectation of the pattern playing out and a continuation of the fall below last week's lows or to the 1,1627 level.

On the GBPUSD pair, the situation is similar and we moved through the highs of the previous three weeks at 1,3599. There are almost equal lows left below, which look like a good target for sells. At the beginning of the week I will also try to look for sells. I am not setting distant targets for now, the work is still inside the range, expecting an impulse with a sharp breakout.

And the AUDUSD pair with a Doji pattern at the upper boundary of the range 0,7221. But here the breakout was not significant at all, and I would like to see one more run up above 0,7221. We will just gather all the sellers from the trade statistics. After that I will already look at sell signals with targets below 0,7093.

Respectfully, Artem aka TeaDrinker