Euro retests support 18/2/2025

EUR/USD Technical Analysis

The EUR/USD pair successfully reached the official target of 1.0500, marking a high of 1.0506 in the previous session.

Technical Outlook:

• Key Resistance & Support Levels:
  • The pair faced resistance at 1.0500, leading to a bearish bias toward the 1.0450 support level.
  • The 50-day simple moving average (SMA) is supporting the price from below.
  • The Stochastic indicator is attempting to neutralize its current negativity.
• Bullish Scenario:
  • A break above 1.0500 and price stability above this level may push the pair toward 1.0540 and 1.0575.
• Bearish Scenario:
  • A drop below 1.0400 could lead to negative pressure, targeting 1.0350 as the next support level.

Market Risks & Considerations:

• US President Donald Trump’s speech is expected to cause high market volatility.
• Ongoing trade tensions contribute to elevated risks and uncertainty.

⚠ Risk Warning: The risk level remains high, and all scenarios are possible.

⚠ Risk Warning: The market remains highly volatile, and all scenarios should be considered.

S1: 1.0440	R1: 1.0500
S2: 1.0395	R2: 1.0540
S3: 1.0350	R3: 1.0575