Euro faces negative pressure 11/2/2025

The U.S. dollar pair has shown a slow trend, recording its lowest level at 1.0280 in recent sessions.

Technical Outlook:

• 4-hour chart analysis indicates that there is no significant downside pressure, with only minor bearish signals.
• The Stochastic Momentum Indicator suggests a potential for improvement in price movement.

Key Levels to Watch:

• Bearish Scenario:
  • A steady decline below 1.0335 and 1.0345 could reinforce downside pressure.
  • The first target is 1.0275, and breaking this level could extend losses toward 1.0220.
• Bullish Scenario:
  • A breakout above 1.0345, especially with a confirmed candle close, could support an upward trend.
  • The next upside targets would be 1.0420 and 1.0450, corresponding to the 23.60% Fibonacci retracement level.

Market Risks & Considerations:

• High-impact events are expected today, particularly Federal Reserve Chairman Jerome Powell’s speech, which could lead to sharp market movements.
• Heightened volatility may cause sudden fluctuations in the pair’s direction.

⚠ Risk Warning: Market uncertainty remains high due to ongoing economic and geopolitical factors, making all scenarios possible.

S1: 1.0275	R1: 1.0330
S2: 1.0220	R2: 1.0380
S3: 1.0165	R3: 1.0420