This EURUSD analysis reviews the currency pair from technical and fundamental aspects. It also features trend examination, price forecasts, support and resistance levels, and trading signals.
We update this page daily to ensure you have the latest information by covering the price changes.
EURUSD Analysis Live Chart
EURUSD Fundamental Analysis
Bloomberg—The euro slipped toward $1.136, pulling back slightly from its peak in over two years after the ECB delivered its sixth consecutive rate cut. The central bank lowered the deposit rate by 25 basis points to 2.25%, marking its lowest level since early 2023, and removed suggesting a tight monetary stance.
At the same time, officials highlighted concerns over weaker economic growth due to rising trade disputes. Markets now anticipate three more quarter-point cuts by the end of the year. Despite this, the euro has risen around 5% against the U.S. dollar in April, as doubts grow over the greenback’s dominance and the euro gains appeal as an alternative. Increased defense spending plans, especially in Germany, have also supported the euro’s strength.
EURUSD Technical Analysis
FenzoFx—EURUSD is trading bullishly; however, the uptrend eased after the price hit a new high this month at $1.1470. Currently, the pair trades sideways within a symmetrical triangle at approximately $1.1342.
The primary trend is bullish, but the European currency is in an overbought state. Therefore, we expect prices to dip toward lower support levels. For this to happen, the pair must close and stabilize below the immediate support level at $1.1296.
The Bullish Scenario
The immediate resistance is at $1.1470. The uptrend will likely resume if bulls close and stabilize above this resistance. If this occurs, the next bullish target will likely be $1.1710.
EURUSD Support and Resistance Levels
| Support | 1.1296 | 1.1146 | 1.1015 |
| Resistance | 1.1710 |
Market Trends Through Technical Indicators
The widget below calculates market trends using multiple indicators, such as moving averages and oscillators. It allows you to review market trends across various time frames easily.
The larger the timeframe, the more accurate the signals tend to be. Integrating this widget into your strategy and considering our fundamental news can help you make well-informed decisions.
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