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The EURUSD price attacks the resistance – Forecast today - 02-05-2024
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The EURUSD price attacks the resistance – Forecast today - 02-05-2024
May 1, 2024 9:21 PM

EURUSD Price Analysis Expected Scenario The EURUSD price bounced bullishly to attack the 1.0715$ level and attempted to hold above it, indicating the beginning of recovery attempts on the intraday basis. However, stochastic shows negative signals that might hinder the rise. Therefore, it's preferable to stay aside until the price confirms its situation regarding the 1.0715$ level. Confirming the breach will push the price towards visiting 1.0795$ as the next positive target, while consolidating below it will push the price to decline again, targeting 1.0615$ areas initially. Expected Trading Range Between the support at 1.0650$ and the resistance at 1.0800$.

Trend Forecast: Neutral

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