Forex world

April 04, 2023

Forecast Eur/Usd April 4, 2023

The Eur/Usd currency pair April 4, 2023 re-approached the key resistance level.

Looking at the chart on the 4-hour timeframe, it is easy to see that this major pair needs to break through resistance if it wants to move to a new high.

Continuing to observe on the 1-hour time frame chart, the price action shows that the probability of the bulls winning is very high.

In the European and American trading session yesterday, the price increased continuously. It was only at the end of yesterday's trading session, and today's Asian session, that the price adjusted to "pause and rest".

Therefore, we forecast entering the European session today, when the volume is increased, the pair will rise again, it is quite possible to break through the resistance and move to the price zone new high.

Good luck,

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