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02.05.2023 EURUSD Forecast

The market is currently range-bound, bouncing off both the resistance and support levels around the 1.1000 mark.

Despite this, the market is showing a bullish trend on the 4H and daily timeframe, making higher swing highs.

If the price can reject the support level and break out of the range zone, I believe the market may continue the uptrend.

My target is the resistance zone at 1.10380.

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This post first appeared on Free Trading Signals For Forex Traders, please read the originial post: here

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02.05.2023 EURUSD Forecast

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