empty
 
 
24.02.2025 04:40 PM
EUR/USD: Analysis and Forecast

This image is no longer relevant

At the start of the new week, the EUR/USD pair showed positive momentum, reaching nearly a one-month high around 1.0525–1.0530 during the Asian session. This movement is supported by a renewed selling trend in the US dollar and the conservative victory in Germany's elections, both of which contribute to euro strength.

This image is no longer relevant

Given that oscillators on the daily chart have started gaining positive momentum and are expected to continue, a sustained breakout above 1.0530, followed by a breach of the 100-day Simple Moving Average (SMA) around 1.0545, would act as a trigger for further gains. This could drive EUR/USD towards the psychological level of 1.0600, followed by the December high near 1.0630. Further upside could see the pair targeting 1.0700, while before testing 1.0800, the pair would need to overcome resistance around 1.0754, which aligns with the 200-day SMA.

Conversely, if the pair fails to hold above the psychological level of 1.0500, buyers may step in around 1.0450, which could limit the downside to the 1.0420-1.0415 range. However, a break below 1.0400, followed by a breach of the 50-day SMA, could accelerate declines towards the interim support at 1.0340, with the next key round level at 1.0300.

This image is no longer relevant

A convincing breakdown below 1.0300 would shift the short-term outlook in favor of the bears, making EUR/USD more vulnerable to a decline towards the 1.0250–1.0260 region. Ultimately, spot prices could weaken further, dropping below 1.0200 and testing the November 2022 lows around 1.0173.

This image is no longer relevant

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Febrero, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback