The EURUSD price forecast update - 02-05-2024
Economies.com
2024-05-02 09:05AM UTC
EURUSD Trading Report
The EURUSD price continues to fluctuate around 1.0715$ level, and we still waiting for clearer confirmation signals for the next trend, as the contradiction between the technical factors continues, to keep our neutrality valid until now.
We remind you that breaching the mentioned level will lead the price to build bullish wave that targets 1.0795$ as a next target, while trading below it represents the key to resume the bearish wave that its next target located at 1.0615$.
The expected trading range for today is between 1.0650$ support and 1.0800$ resistance.
Trend forecast: Neutral
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