The EURUSD price forecast update - 06-05-2024
Economies.com
2024-05-06 11:08AM UTC
EURUSD Price Analysis
- The EURUSD price settles at the intraday bullish channel’s support line.
- No strong move has been observed since morning.
- Thus, there is no change to the expected bullish trend scenario for today.
- The targets begin by breaching 1.0795$ to head towards 1.0875$.
- Stochastic gains positive momentum to reinforce the chances of resuming the suggested rise.
- This trend will remain valid unless breaking 1.0715$ and holding below it.
Expected Trading Range for Today:
- Support: 1.0700$
- Resistance: 1.0850$
Trend Forecast:
Bullish
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