
Uniglobe Markets
February 4, 2025 at 12:36 PM
EURUSD Technical Analysis: Weak Downside
EURUSD is in a downward trend, currently trading at 1.02870. The price is below key moving averages, and the MACD indicates a weak negative trend. A potential buy opportunity could arise if the price rises to 1.03045, with a target at 1.03307. Set a stop loss at 1.02546 to manage risks.
If the price breaks below 1.02546, it may move towards 1.02372.
Resistance and Support Levels:
Second resistance: 1.03145
First resistance: 1.02971
Pivot level: 1.02842
First support: 1.02671
Second support: 1.02540
