
Uniglobe Markets
February 6, 2025 at 12:43 PM
EURUSD Technical Analysis Overview:
Trend: EURUSD is in an uptrend, currently trading at 1.04127, above most moving averages. The MACD indicates a positive trend.
Buy Recommendation: Target 1.04292 with a potential move to 1.04529. Stop loss suggested at 1.03817.
Bearish Scenario: A break below 1.03817 could push the price down to 1.03609.
Key Levels:
Resistance: 1.04262 (1st), 1.04333 (2nd)
Support: 1.0396 (2nd), 1.04031 (1st)
Pivot Level: 1.04182
