EUR/USD Price Analysis – Feb 10, 2025
Daily Price Outlook
During the European trading session, the EUR/USD currency pair has been flashing green, staying in a bullish range around 1.0329, with an intraday high of 1.0337.
However, it opened lower near 1.0280 due to renewed concerns over tariffs from former US President Donald Trump, which pushed investors toward safe-haven assets like the US dollar.
Despite expectations that the Federal Reserve (Fed) will keep interest rates steady at 4.25%-4.50% for the rest of the year, the US dollar struggled to maintain its gains.
This allowed the EUR/USD pair to recover, as traders saw an opportunity to buy the euro at lower levels. The market remains focused on upcoming economic data and Fed policy signals, which will play a key role in determining the next move for the currency pair.
EUR/USD Gains as US Dollar Weakens Amid Fed Rate Outlook and Job Data
On the US front, the shared currency has been gaining strength as the US dollar weakens, even though the Federal Reserve (Fed) is expected to keep interest rates unchanged at 4.25%-4.50% for the rest of the year.
Experts at Macquarie now believe the Fed will not make any rate cuts in 2025, changing their previous forecast, which predicted a 25 basis points (bps) cut in March or May. This shift comes after the latest US Nonfarm Payrolls (NFP) report for January, which showed stronger job growth than initially expected.
On the data front, the NFP report revealed that the US added 143,000 jobs in January, lower than December’s revised figure of 307,000.
However, analysts noted that recent job data revisions suggest an even stronger labor market trend. Meanwhile, the US unemployment rate dropped slightly to 4% from the previous 4.1%, and wages grew faster than expected, with average hourly earnings increasing by 4.1% annually and 0.5% monthly.
All eyes will be on key US economic data. The Consumer Price Index (CPI) report for January, set for release on Wednesday, will be a major driver for the US dollar.
Meanwhile, investors will closely watch Fed Chair Jerome Powell’s testimony before Congress on Tuesday and Wednesday for insights into future monetary policy.
Euro Struggles Amid US Tariff Threats and ECB Rate Cut Expectations
On the EUR front, the Euro is under pressure due to recent developments in the US. President Trump threatened to impose 25% tariffs on steel and aluminum imports, targeting countries like Canada, Mexico, Brazil, Vietnam, and South Korea. The biggest impact will be on Canada, the largest exporter of aluminum to the US.
The fear is that these tariff actions could lead to reciprocal tariffs from the Eurozone, which already imposes a 10% tariff on US car imports, making it more challenging for the Euro to strengthen against the US dollar.
However, the Euro is already facing challenges due to economic slowdowns in the Eurozone and inflation rates falling short of the European Central Bank's (ECB) 2% target. Analysts at Macquarie have warned that US tariffs could escalate tensions in Europe, further weakening the Euro.
Furthermore, the ECB is expected to continue lowering interest rates, with some policymakers even suggesting the possibility of going below the neutral rate to stimulate the economy. The ECB's neutral rate is predicted to be between 1.75% and 2.25%, which adds to concerns for the Euro’s future performance.
EUR/USD – Technical Analysis
The EUR/USD pair is trading at $1.03197, down 0.01%, as it consolidates within a narrow range following recent volatility.
The 50-day Exponential Moving Average (EMA) at $1.03680 remains a key resistance level, capping upside momentum and reinforcing the broader bearish sentiment. The currency pair remains under pressure, with traders closely monitoring key support and resistance levels to gauge potential breakouts.
The pivot point at $1.02986 serves as an essential level—staying above it keeps bullish momentum in play, while a break below could invite increased selling pressure.
Immediate resistance stands at $1.03520, followed by $1.04092 and $1.04415. A breakout above these levels could signal a shift toward a stronger bullish trend, particularly if the U.S. dollar weakens amid shifting macroeconomic conditions.
On the downside, immediate support is at $1.02467, with further declines targeting $1.02097 and $1.01740. A drop below these levels could intensify selling pressure, reinforcing the prevailing downtrend. However, if EUR/USD maintains strength above $1.02986, buyers could regain control, pushing the pair higher in the short term.
Traders should watch for a potential long position above $1.02986, with a target of $1.03520 and a stop loss at $1.02652. A confirmed break above resistance could lead to extended gains, while a failure to hold support may trigger deeper losses.
Related News
- GOLD Price Analysis – Feb 10, 2025
EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD remains under pressure, with the 50-day EMA at $1.03680 acting as resistance.
- Breakout above $1.03520 could shift momentum, targeting $1.04092 and $1.04415.
- Failure to hold $1.02986 may trigger further downside toward $1.02467 and $1.02097.
The EUR/USD pair is trading at $1.03197, down 0.01%, as it consolidates within a narrow range following recent volatility.
The 50-day Exponential Moving Average (EMA) at $1.03680 remains a key resistance level, capping upside momentum and reinforcing the broader bearish sentiment. The currency pair remains under pressure, with traders closely monitoring key support and resistance levels to gauge potential breakouts.
The pivot point at $1.02986 serves as an essential level—staying above it keeps bullish momentum in play, while a break below could invite increased selling pressure.
Immediate resistance stands at $1.03520, followed by $1.04092 and $1.04415. A breakout above these levels could signal a shift toward a stronger bullish trend, particularly if the U.S. dollar weakens amid shifting macroeconomic conditions.
On the downside, immediate support is at $1.02467, with further declines targeting $1.02097 and $1.01740. A drop below these levels could intensify selling pressure, reinforcing the prevailing downtrend. However, if EUR/USD maintains strength above $1.02986, buyers could regain control, pushing the pair higher in the short term.
Traders should watch for a potential long position above $1.02986, with a target of $1.03520 and a stop loss at $1.02652. A confirmed break above resistance could lead to extended gains, while a failure to hold support may trigger deeper losses.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.02986
Take Profit – 1.03520
Stop Loss – 1.02652
Risk to Reward – 1:1.6
Profit & Loss Per Standard Lot = +$534/ -$334
Profit & Loss Per Mini Lot = +$53/ -$33
EUR/USD Price Analysis – Feb 07, 2025
Daily Price Outlook
EUR/USD is trading flat around 1.0400 in the European session ahead of the U.S. Nonfarm Payrolls (NFP) report at 13:30 GMT. The U.S. Dollar Index (DXY) is down 0.10% at 107.60.
Economists expect the U.S. to have added 170K jobs in January, down from 256K in December. The unemployment rate is expected to remain at 4.1%, which should keep the Federal Reserve (Fed) on hold for the near term. A strong jobs number will support the Fed’s stance, while a weak one could spark speculation on earlier rate cuts.
According to the CME FedWatch tool, traders are pricing in the first rate cut in June 2025. However, if the jobs report shows a softening labor market, expectations for a May rate cut could rise.
The Average Hourly Earnings data is also in focus, a key measure of wage growth and consumer spending power. Analysts predict year-over-year wage growth to slow to 3.8% from 3.9% in December, while monthly earnings to rise 0.3% in line with previous reports.
Eurozone Faces Uncertainty Amid U.S. Trade Threats
Despite EUR/USD being flat, the Euro is vulnerable to trade policy risks. Over the weekend, U.S. President Donald Trump said the Eurozone could face tariffs if they don’t buy enough American goods, escalating tensions between the two blocs.
Analysts at Macquarie noted that Trump didn’t specify the measures, but Europe is a “target-rich” zone for tariffs, especially with Germany and France in political turmoil. Any tariff escalation could hit Eurozone exports hard and growth.
Beyond trade risks, the Eurozone’s domestic economy is fragile. Concerns of stagnation have kept the European Central Bank (ECB) dovish. ECB board member Piero Cipolloni said on Thursday that there is “room to cut rates” and growth risks.
If Trump’s tariffs materialize, Cipolloni warned it could weaken the Eurozone economy. And if the U.S. imposes tariffs on Chinese goods, China could shift excess supply to European markets and create deflationary pressures.
EUR/USD – Technical Analysis
The EUR/USD pair is trading at $1.03746, down 0.08%, as the euro struggles to gain traction against a resilient U.S. dollar. Market sentiment remains cautious ahead of key economic data, with traders assessing the Federal Reserve’s rate trajectory and broader macroeconomic trends.
The pivot point at $1.03879 is a critical threshold for price action. If EUR/USD remains below this level, downside pressure is likely to persist. Immediate support is at $1.03383, with further declines potentially testing $1.02920 and $1.02467. A break below these levels would reinforce the bearish trend, increasing selling momentum.
On the upside, immediate resistance stands at $1.04339, followed by $1.04780 and $1.05222. If the pair manages to reclaim $1.03879, it could gain bullish traction, targeting these resistance levels. However, the broader trend remains weak, with selling pressure dominant below the pivot.
The 50-day EMA at $1.03549 suggests that EUR/USD is trading below key moving averages, reinforcing a bearish outlook. Short-term sentiment remains negative, with the pair struggling to gain upside momentum. If price action remains under $1.03879, further weakness is expected.
EUR/USD remains bearish below $1.03874, with a recommended sell entry at this level, targeting $1.03372 as a take-profit zone. A stop-loss at $1.04176 is advised to mitigate risk in case of a bullish reversal.
Related News
- S&P500 (SPX) Price Analysis – Feb 07, 2025
EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD remains under pressure, struggling below the $1.03879 pivot.
- Support at $1.03383 is key; a break below could accelerate declines.
- 50-day EMA at $1.03549 confirms a bearish trend, limiting upside potential.
The EUR/USD pair is trading at $1.03746, down 0.08%, as the euro struggles to gain traction against a resilient U.S. dollar. Market sentiment remains cautious ahead of key economic data, with traders assessing the Federal Reserve’s rate trajectory and broader macroeconomic trends.
The pivot point at $1.03879 is a critical threshold for price action. If EUR/USD remains below this level, downside pressure is likely to persist. Immediate support is at $1.03383, with further declines potentially testing $1.02920 and $1.02467. A break below these levels would reinforce the bearish trend, increasing selling momentum.
On the upside, immediate resistance stands at $1.04339, followed by $1.04780 and $1.05222. If the pair manages to reclaim $1.03879, it could gain bullish traction, targeting these resistance levels. However, the broader trend remains weak, with selling pressure dominant below the pivot.
The 50-day EMA at $1.03549 suggests that EUR/USD is trading below key moving averages, reinforcing a bearish outlook. Short-term sentiment remains negative, with the pair struggling to gain upside momentum. If price action remains under $1.03879, further weakness is expected.
EUR/USD remains bearish below $1.03874, with a recommended sell entry at this level, targeting $1.03372 as a take-profit zone. A stop-loss at $1.04176 is advised to mitigate risk in case of a bullish reversal.
EUR/USD - Trade Ideas
Entry Price – Sell Below 1.03874
Take Profit – 1.03372
Stop Loss – 1.04176
Risk to Reward – 1:1.6
Profit & Loss Per Standard Lot = +$502/ -$302
Profit & Loss Per Mini Lot = +$50/ -$30
EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Bearish Bias: EUR/USD trades below $1.03879, signaling downward pressure.
- Key Support Levels: Immediate support at $1.03220; a break below could target $1.02721.
- Resistance Zones: Watch for resistance at $1.04339 and $1.04678, capping potential rallies.
The EUR/USD pair is trading at $1.03761, down 0.02%, reflecting a modest bearish bias as it hovers below the pivot point of $1.03879.
This level acts as a critical threshold, where sustained weakness could trigger further downside momentum. Immediate resistance lies at $1.04339, followed by $1.04678 and $1.05190. A break above these levels could signal a reversal of the current bearish trend.
On the downside, the pair finds immediate support at $1.03220. A decisive move below this could open the door for further declines toward $1.02721 and potentially $1.02129, reinforcing the bearish outlook.
The 50-EMA at $1.03512 adds to the downward pressure, acting as dynamic resistance and confirming the prevailing trend.
Technical indicators suggest limited bullish momentum, with sellers maintaining control unless the euro can reclaim levels above $1.03879.
The formation of lower highs and lower lows indicates persistent bearish sentiment, with any short-term rallies likely facing resistance near key levels.
Traders are advised to watch for price action around the pivot point. A sustained break below $1.03866 could provide a favorable entry for short positions, with targets near $1.03220 and stop-loss orders above $1.04239 to manage risk effectively.
EUR/USD - Trade Ideas
Entry Price – Sell Below 1.03866
Take Profit – 1.03220
Stop Loss – 1.04239
Risk to Reward – 1:1.3
Profit & Loss Per Standard Lot = +$646/ -$373
Profit & Loss Per Mini Lot = +$64/ -$373
EUR/USD Price Analysis – Feb 05, 2025
Daily Price Outlook
During the European trading session, the EUR/USD currency pair extended its bullish rally, staying strong around the 1.0416 level and even reaching a high of 1.0431. The main reason behind this upward movement is the US Dollar (USD) losing strength for the third consecutive day.
The US Dollar Index (DXY), which measures the value of the Greenback against six major currencies, dropped to around 107.50. This decline came as investors felt that a potential trade war wouldn’t escalate further, which helped reduce some of the risk associated with the USD.
On the other hand, the Euro (EUR) gained some momentum, despite underperforming against other major currencies. This is mainly due to the expectation that the European Central Bank (ECB) will keep its policy-easing approach.
The ECB remains confident that inflation in the Eurozone will fall back to its target of 2% by the end of the year, which has led investors to believe that the ECB might continue its current monetary policies.
EUR Struggles Amid ECB Rate Cut Expectations and US Tariff Concerns
On the EUR front, the shared currency has been struggling against its major peers despite gaining against the US Dollar. Investors expect the European Central Bank (ECB) to continue cutting interest rates, as policymakers are confident that inflation will return to the 2% target this year.
In an interview, ECB Vice President Luis de Guindos stated that inflation is moving toward the ECB’s goal but could see a slight increase in the coming months due to energy prices. However, he remained uncertain about how low interest rates would eventually go.
Last week, the ECB lowered its Deposit Facility rate by 25 basis points to 2.75% and maintained that its monetary policy remains restrictive. Traders now anticipate three more rate cuts in upcoming meetings.
Meanwhile, concerns over the Eurozone economy continue to grow, especially with fears that the European Union (EU) might be the next target for US tariffs if Donald Trump wins the election. Over the weekend, Trump said the EU has taken unfair advantage of the US and hinted at imposing tariffs.
This uncertainty has made investors cautious about the Euro’s future. Despite these challenges, EUR/USD has managed to gain due to the US Dollar’s recent weakness.
EUR/USD – Technical Analysis
The EUR/USD pair is trading at $1.03761, down 0.02%, reflecting a modest bearish bias as it hovers below the pivot point of $1.03879.
This level acts as a critical threshold, where sustained weakness could trigger further downside momentum. Immediate resistance lies at $1.04339, followed by $1.04678 and $1.05190. A break above these levels could signal a reversal of the current bearish trend.
On the downside, the pair finds immediate support at $1.03220. A decisive move below this could open the door for further declines toward $1.02721 and potentially $1.02129, reinforcing the bearish outlook.
The 50-EMA at $1.03512 adds to the downward pressure, acting as dynamic resistance and confirming the prevailing trend.
Technical indicators suggest limited bullish momentum, with sellers maintaining control unless the euro can reclaim levels above $1.03879.
The formation of lower highs and lower lows indicates persistent bearish sentiment, with any short-term rallies likely facing resistance near key levels.
Traders are advised to watch for price action around the pivot point. A sustained break below $1.03866 could provide a favorable entry for short positions, with targets near $1.03220 and stop-loss orders above $1.04239 to manage risk effectively.
Related News
- GOLD Price Analysis – Feb 05, 2025
EUR/USD Price Analysis – Feb 03, 2025
Daily Price Outlook
During the European trading session, the EUR/USD currency pair experienced downward trend, driven by the strength of the US Dollar.
The demand for the US Dollar as a safe-haven asset surged significantly following US President Donald Trump's escalating trade war rhetoric.
The US Dollar Index (DXY), which measures the Greenback's value against six major currencies, surged above the 109.50 mark. As a result, EUR/USD dropped over 1%, reaching near 1.0230 at the start of the week.
Moreover, the losses in the EUR/USD pair were further bolstered by the President Trump reiterated his threats to impose tariffs on the European Union (EU).
Over the weekend, Trump had already slapped 25% tariffs on Canada and Mexico, along with 10% tariffs on China.
He also warned of potential tariff hikes on the EU, although he did not provide further details. This uncertainty surrounding trade policies put additional pressure on the EUR/USD pair.
Trump's Tariff Threats and Economic Slowdown Pressure on EUR/USD
President Trump has once again threatened to impose tariffs on the European Union (EU), intensifying trade tensions. Over the weekend, he announced 25% tariffs on Canada and Mexico and 10% on China.
Trump further warned that similar measures could be applied to the EU, claiming that the region has “taken advantage” of the US by not buying enough American goods. He emphasized that the EU benefits more from trade with the US than vice versa, adding to concerns over the EUR/USD pair.
However, the possibility of tariffs on the Eurozone comes at a challenging time for the region. The Eurozone economy is already showing signs of slowdown, with preliminary GDP data for Q4 2024 showing no growth, following a 0.4% expansion in Q3.
Germany, the Eurozone’s largest economy, contracted by 0.2% year-over-year in Q4, highlighting the weakness. The threat of tariffs could make matters worse, putting more pressure on the euro and pushing the EUR/USD lower.
In response to these economic challenges, the European Central Bank (ECB) has been lowering interest rates. Last Thursday, it cut the Deposit Facility rate to 2.75% and signaled a clear path for further cuts.
Traders expect the ECB to make three more rate cuts by the summer. Meanwhile, inflation data from January showed mixed results, adding uncertainty to the Eurozone’s economic outlook, further weighing on the EUR/USD pair.
EUR/USD – Technical Analysis
The EUR/USD pair is trading at $1.02379, up 1.14%, reflecting renewed bullish momentum after breaking past key technical levels. The currency pair is currently hovering just above its pivot point at $1.02375, a critical level that could dictate the near-term trend.
Despite this upside movement, EUR/USD remains below its 50-day Exponential Moving Average (EMA) at $1.04228, suggesting that the broader trend is still under pressure unless a decisive breakout occurs.
If bullish sentiment persists, the next immediate resistance lies at $1.02917, a key hurdle that, if breached, could open the door towards $1.03516 and potentially $1.04340.
On the flip side, failure to sustain above the pivot point may trigger a pullback toward immediate support at $1.01770. Further downside risks include targets at $1.01249 and $1.00826, where buying interest could re-emerge.
The technical setup favors a cautiously bullish outlook above $1.02179, with an entry suggested at this level. A take-profit target is set at $1.02917, capturing potential gains from continued upward momentum, while a stop-loss at $1.01685 helps limit downside risks.
Related News
- GOLD Price Analysis – Feb 03, 2025
EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Bullish bias above $1.02179, with an upside target at $1.02917 and potential extensions toward $1.03516.
- Support at $1.01770 is key; a break below could trigger declines toward $1.01249 and $1.00826.
- 50-EMA at $1.04228 remains a strong resistance, capping broader bullish momentum unless decisively broken.
The EUR/USD pair is trading at $1.02379, up 1.14%, reflecting renewed bullish momentum after breaking past key technical levels. The currency pair is currently hovering just above its pivot point at $1.02375, a critical level that could dictate the near-term trend.
Despite this upside movement, EUR/USD remains below its 50-day Exponential Moving Average (EMA) at $1.04228, suggesting that the broader trend is still under pressure unless a decisive breakout occurs.
If bullish sentiment persists, the next immediate resistance lies at $1.02917, a key hurdle that, if breached, could open the door towards $1.03516 and potentially $1.04340.
On the flip side, failure to sustain above the pivot point may trigger a pullback toward immediate support at $1.01770. Further downside risks include targets at $1.01249 and $1.00826, where buying interest could re-emerge.
The technical setup favors a cautiously bullish outlook above $1.02179, with an entry suggested at this level. A take-profit target is set at $1.02917, capturing potential gains from continued upward momentum, while a stop-loss at $1.01685 helps limit downside risks.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.02179
Take Profit – 1.02917
Stop Loss – 1.01685
Risk to Reward – 1: 1.4
Profit & Loss Per Standard Lot = +$738/ -$494
Profit & Loss Per Mini Lot = +$73/ -$49
EUR/USD Price Analysis – Jan 31, 2025
Daily Price Outlook
During the European trading session, the EUR/USD currency pair struggled to stop its downward trend, staying under pressure around the 1.0377 level and even hitting an intraday low of 1.0366.
However, the main reason behind this decline is the weakening of the Euro. A slowdown in inflationary pressures across six German states contributed to the fall. This has led to expectations that the ECB might ease its monetary policy in the near future.
At the same time, the US Dollar (USD) is maintaining a strong position. The US Dollar Index (DXY) remains firm, hovering around 108.20, as the greenback benefits from its safe-haven status.
The ongoing uncertainty in global markets has strengthened demand for the US Dollar. Moreover, President Donald Trump's recent comments about imposing heavy tariffs on North America and BRICS countries have added further pressure on the Euro.
This combination of factors has kept EUR/USD under pressure, as investors focus on the broader strength of the US Dollar.
US Dollar Strengthens Amid Tariff Threats and Fed's Cautious Stance
On the US front, the US Dollar (USD) continues to maintain strength, with the US Dollar Index (DXY) trading around 108.20. The greenback's appeal as a safe-haven currency is bolstered by recent comments from former President Donald Trump.
He reiterated his plans to impose hefty tariffs on countries in North America and the BRICS nations, creating further uncertainty in global markets.
Trump took to his social media platform, TruthSocial, warning that any country attempting to create or back a new currency to replace the US Dollar would face a 100% tariff and be shut out of the US market.
Market experts believe that Trump's use of tariffs is part of his broader economic strategy, which could potentially lead to inflationary pressures in the US economy. This could support the Federal Reserve (Fed) in maintaining its current interest rate stance.
The Fed recently decided to keep interest rates unchanged in the range of 4.25%-4.50% and indicated that it will remain cautious until there is clear progress in reducing inflation or signs of weakness in the labor market.
Looking ahead, the next key data point for the US Dollar will be the Personal Consumption Expenditure (PCE) Price Index for December, set to be released at 13:30 GMT. Economists expect a slight rise in core PCE inflation to 0.2% on a monthly basis, compared to 0.1% in November. Year-on-year, core PCE inflation is expected to stay steady at 2.8%.
EUR Faces Pressure Amid Slowing Inflation and ECB's Cautious Outlook
On the EUR front, the Euro (EUR) is facing pressure as it weakens against other currencies. This decline comes amid a slowdown in inflation in six German states, with softer-than-expected Consumer Price Index (CPI) data for January.
The lower inflation figures have raised confidence that the Eurozone is on track to return to the European Central Bank’s (ECB) target inflation rate of 2%. This could potentially lead to the ECB easing its monetary policy in the future.
ECB President Christine Lagarde expressed optimism in her recent statement, declaring a victory over inflation for this year. The ECB reduced its Deposit Facility Rate by 25 basis points (bps) to 2.75%, signaling confidence in its fight against rising prices.
Meanwhile, Estonian Central Bank chief Madis Muller mentioned that it is realistic to expect inflation to be near 2% by mid-year. However, Lagarde cautioned that the ECB is still in “restrictive territory” and that future decisions will be made on a meeting-by-meeting basis, depending on the incoming data.
Looking ahead, investors are keenly awaiting the Eurozone’s Harmonized Index of Consumer Prices (HICP) data for January, which is set to be released on Monday. Before that, the preliminary German HICP data will be published at 13:00 GMT.
However, the impact of the German data is expected to be limited, as inflation in six states has already provided a clear picture of current price trends.
EUR/USD – Technical Analysis
EUR/USD is consolidating near $1.03889, struggling to gain traction after recent downside pressure. The pair is hovering around the pivot point at $1.03887, acting as a key battleground for bulls and bears.
Immediate resistance is at $1.04291, with further hurdles at $1.04667 and $1.05118. A break above these levels could strengthen bullish sentiment and push EUR/USD toward fresh highs.
On the downside, immediate support is at $1.03413, with stronger levels at $1.03069 and $1.02665. A break below $1.03413 could accelerate selling pressure, reinforcing the bearish outlook. The 50-day EMA at $1.04290 is acting as a dynamic resistance level, limiting upside potential.
Technically, the pair remains in a cautious stance, with buyers attempting to hold ground above $1.03819. A move above this level could trigger a retest of $1.04291, aligning with the 50-day EMA. However, failure to sustain above the pivot point may push the pair lower, bringing critical support levels into focus.
The outlook remains neutral-to-bullish as long as EUR/USD holds above $1.03819. A decisive break above $1.04291 could shift momentum in favor of the bulls, while a dip below $1.03413 would reinforce a bearish bias, signaling further declines.
Related News
- GOLD Price Analysis—Jan 31, 2025
EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD struggles near $1.03887, with resistance at $1.04291 and $1.04667.
- 50-day EMA at $1.04290 acts as a key resistance level.
- Break below $1.03413 may lead to further downside toward $1.03069.
EUR/USD is consolidating near $1.03889, struggling to gain traction after recent downside pressure. The pair is hovering around the pivot point at $1.03887, acting as a key battleground for bulls and bears.
Immediate resistance is at $1.04291, with further hurdles at $1.04667 and $1.05118. A break above these levels could strengthen bullish sentiment and push EUR/USD toward fresh highs.
On the downside, immediate support is at $1.03413, with stronger levels at $1.03069 and $1.02665. A break below $1.03413 could accelerate selling pressure, reinforcing the bearish outlook. The 50-day EMA at $1.04290 is acting as a dynamic resistance level, limiting upside potential.
Technically, the pair remains in a cautious stance, with buyers attempting to hold ground above $1.03819. A move above this level could trigger a retest of $1.04291, aligning with the 50-day EMA. However, failure to sustain above the pivot point may push the pair lower, bringing critical support levels into focus.
The outlook remains neutral-to-bullish as long as EUR/USD holds above $1.03819. A decisive break above $1.04291 could shift momentum in favor of the bulls, while a dip below $1.03413 would reinforce a bearish bias, signaling further declines.
EUR/USD - Trade Ideas
Entry Price – Buy Above 1.03819
Take Profit – 1.04291
Stop Loss – 1.03524
Risk to Reward – 1: 1.6
Profit & Loss Per Standard Lot = +$472/ -$295
Profit & Loss Per Mini Lot = +$47/ -$29