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EUR/USD seems bullish on the daily chart. Price has bounced off 1.0500 support area and big round number. This area is double-bottom support, which held price between March 11- 16 and April 13-14.
Price has been moving higher recently, suggesting that bullish momentum is intact. Resistance remains around 1.1000 area, which is triple-top resistance and capped price between March 11 and April 6.
Therefore, my forecast is that EURUSD will reach 1.1000 area at 1st of June, 12:00 GMT.
Price has been moving higher recently, suggesting that bullish momentum is intact. Resistance remains around 1.1000 area, which is triple-top resistance and capped price between March 11 and April 6.
Therefore, my forecast is that EURUSD will reach 1.1000 area at 1st of June, 12:00 GMT.