The EURUSD price forecast update - 01-05-2024
Economies.com
2024-05-01 10:07AM UTC
EURUSD Price Analysis: Expected Scenarios
The EURUSD price shows some slight bullish bias now, affected by stochastic positivity, but as long as the price is below 1.0715$, our bearish overview will remain valid for today, supported by the EMA50, reminding you that our next target is located at 1.0615$, which breaking it represents the key to rally towards 1.0520$ as a next negative target.
The expected trading range for today is between 1.0570$ support and 1.0720$ resistance.
Trend forecast: Bearish
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