FX.co ★ Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Thursday May 02 2024.

Even though currently on the 4-hour chart the main EUR/USD currency pair is moving in a ranging/sideways condition, the condition of the 50 MA which is below the 200 MA gives an indication that in the near future Fiber has the potential to weaken, but currently it still has the potential to test yesterday's high level at 1.0733 and as long as the strengthening correction does not exceed the 1.0800 level, EUR/USD has the potential to weaken down to test the 1.0650 level as the main target and the 1.0603 level as the next target if the momentum and volatility are supportive.

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