Euro may resume temporary rise 6/2/2025

The EUR/USD pair experienced a temporary bullish rebound in the previous session, recovering from the psychological support at 1.0200 and reaching a high of 1.0442.

Technical Outlook:

• The Stochastic indicator is attempting to gain bullish momentum, supporting the possibility of further upside.
• The pair is holding above the previously breached resistance at 1.0380, which has turned into a support level.

Key Levels to Watch:

• Bullish Scenario:
  • A breakout above 1.0450 (a 23.60% Fibonacci retracement) may accelerate gains toward 1.0475, 1.0510, and possibly 1.0550.
• Bearish Scenario:
  • A return below 1.0380 could trigger negative pressure, targeting 1.0320 as the next support level.

Market Risks & Upcoming Data:

• Geopolitical tensions remain a key risk factor for market stability.
• Volatility is expected, especially with potential market-moving events on the horizon.

⚠ Risk Warning: The market environment remains highly uncertain, and all scenarios remain possible.

Caution: The risk remains elevated due to ongoing geopolitical tensions, and all scenarios should be considered.

S1: 1.0360	R1: 1.0435
S2: 1.0320	R2: 1.0475
S3: 1.0275	R3: 1.0510