EURUSD Daily Forecast: May 02

By @ibtimes on

EURUSD Forecast

The EURUSD attempted to push higher earlier today in Asian session, topped at 1.4862 but further upside pressure is limited so far. On h1 chart below we can see price is moving in range area of 1.4881 – 1.4767. The major scenario remains to the upside but need a clear break above 1.4881 to continue the bullish scenario at least targeting 1.5000. On the downside, a clear break below 1.4767 would change the intraday bias to bearish testing 1.4647 but overall I still prefer a bullish scenario as the major bullish trend remains intact and any bearish pressure at this phase should be seen only as a consolidation/correction movement.

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