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The EURUSD price breaches the resistance – Forecast today - 04-06-2024
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The EURUSD price breaches the resistance – Forecast today - 04-06-2024
Jun 3, 2024 9:42 PM

Price Analysis: EURUSD Expected Scenario The EURUSD price continued to rise to breach 1.0895$ level and close the daily candlestick above it, to stop the correctional bearish scenario and head towards resuming the main bullish trend within the bullish channel that appears on the chart, on its way to achieve additional gains that reach 1.1015$ as a next main station. Therefore, we expect to witness more rise in the upcoming sessions, supported by the EMA50, noting that breaking 1.0865$ will stop the suggested bullish trend and push the price to achieve new bearish correction on the intraday basis. Expected Trading Range Between 1.0850$ support and 1.1000$ resistance.

Trend Forecast: Bullish

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