FX.co ★ EUR/USD

EUR/USD Technical Analysis and Trading Strategies for March 2, 2025 Overview: As of March 2, 2025, the EUR/USD pair is trading near the 1.0380 mark, reflecting a recent decline influenced by a strengthening US dollar. This movement aligns with higher US Treasury yields and a rebound in the USD index to 106.50. Technical Analysis: The EUR/USD pair has been unable to surpass the 1.0530 resistance level, leading to a downward trajectory toward the ascending trendline connecting higher lows from January to February 2025, situated around 1.0380. Support Levels: 1.0380: Current support at the ascending trendline. 1.0300: 2025 lows, serving as a significant support zone. 1.0250: Additional support below the 2025 lows. Resistance Levels: 1.0530: Immediate resistance; a break above could signal bullish momentum. 1.0620: Subsequent resistance level following a breach of 1.0530. 1.0700: Further resistance indicating a stronger bullish trend. Market Sentiment: Recent data indicates a decline in German GFK consumer confidence to -24.7 from -22.6, suggesting weakening consumer sentiment in the Eurozone's largest economy. Conversely, the US dollar has strengthened, supported by rising Treasury yields. Trading Strategies: For Buyers: Entry Point: Consider initiating long positions if the price sustains above the 1.0380 support level, targeting the 1.0530 resistance. Stop-Loss: Place stop-loss orders below 1.0350 to mitigate potential downside risks. Target Levels: Aim for 1.0530 initially; a successful breach could open pathways to 1.0620 and 1.0700. For Sellers: Entry Point: Short positions may be viable if the pair breaks below the 1.0380 support, aiming for the 1.0300 level. Stop-Loss: Set stop-loss orders above 1.0400 to protect against unexpected upward movements. Target Levels: Focus on 1.0300; further decline could lead to 1.0250. Risk Management: Given the current market volatility, traders should employ strict risk management practices. Utilizing stop-loss orders and limiting position sizes can help manage potential losses. Conclusion: The EUR/USD pair is navigating a critical support zone around 1.0380. Traders should monitor this level closely, as a breach could signal further bearish momentum, while a rebound might indicate a potential recovery toward resistance levels. Staying informed on economic indicators from both the Eurozone and the US is essential for making well-informed trading decisions. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading forex involves significant risk, and individuals should consult with a financial advisor before making any trading decisions.

Technical analysis 02 March 2025 EUR/USD Daily The pair was trading at 1.11865 when inflation remained at the same level. It did not come out with a decline, as many expected. The Federal Reserve began to reduce interest rates, and the pair began to decline, as I assumed that there would be no further growth of the pair, given that inflation is not decreasing; the pair began to decline. In addition, Trump was elected president, and the pair reached 1.01, and this is already parity, and I assumed that further strengthening of the dollar is impossible without rising inflation. Inflation stagnated and remained at 3.3%. I assume that the pair will return to the marks where it was trading when inflation was stagnating; these will be marks of 1.07883.

The price is trading around the average moving line. And until the price breaks through the minimum at 1.0209, then I can consider all this an upward trend with potential growth of the asset and updating the maximum at 1.0527 to the resistance at 1.0623. There is very strong resistance there. If the price bounces off it, then this can become a strong decline and update the minimum at 1.0172. But if the price breaks through the resistance and consolidates above it, then this is a hint of continued growth of the asset to 1.1212.