Market Analysis of EURUSD on Wednesday 3 May 2023

EUR/USD Intraday: further advance.

Pivot:

1.0980

Our preference:

Long positions above 1.0980 with targets at 1.1035 & 1.1055 in extension.

Alternative scenario:

Below 1.0980 look for further downside with 1.0960 & 1.0940 as targets.

Comment:

The RSI is bullish and calls for further upside.