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Forecast update for EURUSD- 06-05-2026
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Forecast update for EURUSD- 06-05-2026
May 6, 2026 5:07 AM

The EURUSD pair extended its strong gains during its recent intraday trading, approaching the resistance level of 1.1790, which had been a price target in our morning analysis. This move is supported by the pairs continued trading above the EMA50, reinforcing the stability and dominance of the main short-term bullish trend. The price is also moving alongside a supportive trendline for this upward path. In the background, positive signals are emerging from relative strength indicators, despite them reaching heavily overbought levels.

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