1024 && window.pageYOffset>295){scrollFromTop=true;} else if(window.screen.width<=1024 && window.pageYOffset>0){scrollFromTop=true;} else {scrollFromTop=false;}"
>
2417.755
22.865%
79.979
1.648%
1.0872
1.5474%
5307.28
0.13%
39999.01
0.20%
18551.55
0.11%
The EURUSD price hits the first target – Forecast today - 06-05-2024
Economies.com
2024-05-06 04:08AM UTC
EURUSD Price Analysis
Expected Scenarios
The EURUSD price found solid resistance at 1.0795$ level, to show some temporary bearish bias and test the intraday bullish channel’s support line that appears on the chart, noticing that stochastic attempts to get rid of its negative momentum clearly, waiting to motivate the price to resume the positive trades and breach the mentioned level to open the way to head towards 1.0875$ as a next positive target.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 1.0715$ will stop the expected rise and push the price to turn to decline.
Trading Range for Today
Support: 1.0700$
Resistance: 1.0850$
Trend forecast: Bullish
More Analysis
Forex
EUR USD Analysis
NZD USD Analysis
GBP USD Analysis
USD JPY Analysis
USD CAD Analysis
USD CHF Analysis
AUD USD Analysis
EUR JPY Analysis
GBP JPY Analysis
Commodities
Gold Analysis
Platinum Analysis
Copper Analysis
Silver Analysis
Oil Analysis
Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.
20 ? scroll = true : scroll = false" x-show="scroll" @click="window.scrollTo({top: 0, behavior: 'smooth'})" type="button" data-mdb-ripple="true" data-mdb-ripple-color="light"
class="fixed inline-block p-3 bottom-20 md:bottom-5 ltr:right-5 rtl:left-5 text-xs font-medium leading-tight text-white dark:text-gray-800 uppercase transition duration-150 ease-in-out bg-gray-600 dark:bg-white rounded-full shadow-md hover:bg-gray-800 dark:hover:bg-gray-200 hover:shadow-lg focus:bg-gray-700 dark:focus:bg-gray-300 focus:shadow-lg focus:outline-none focus:ring-0 active:bg-gray-800 dark:active:bg-gray-300 active:shadow-lg" id="btn-back-to-top" x-transition.opacity>