Forex EUR/USD Daily Video, May 04, 2023

[Sive Morten]

Good morning,

Chances that ECB will change rate for 25 bp is 85%. It means that when decision will be made - EUR could start the pullback. We intend to watch for 1.1040 area for possible next long entry:

 

[minimax]

Picture tells everything..

 

[minimax]

Or we are already turned up or two possible ABCs, on both W&R is supportive.. green ABC would appreciate one more high, seen on 1H.. worst case scenario: this turns into ending diagonal down..