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The EURUSD price forecast update - 06-05-2024
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The EURUSD price forecast update - 06-05-2024
May 6, 2024 5:23 AM

EURUSD Price Analysis The EURUSD price settles at the intraday bullish channels 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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