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EURUSD Daily Forecast: May 03

EURUSD Forecast    
The Eurusd had a moderate bullish momentum yesterday topped at 1.0933 and hit 1.0936 earlier today in Asian session but still trapped inside the range area as you can see on my H1 chart below. The bias is bullish in nearest term testing 1.0950. A clear break above that area could trigger further bullish pressure testing 1.1100 – 1.1050 area. Immediate support is seen around 1.0900. A clear break below that area could lead price to neutral zone in nearest term testing 1.0850 key support which need to be broken to the downside for a revisit to pre-gap level at 1.0730. Overall I remain neutral.

eurusdhourly



This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here

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EURUSD Daily Forecast: May 03

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