EURUSD Wave Analysis – 18 February 2025

– EURUSD reversed from the resistance zone

– Likely to fall to support level 1.0400

EURUSD currency pair recently reversed down from the resistance zone located between the resistance level 1.0500 (which has been reversing the price from December), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from November.

The price will form the daily Japanese candlesticks reversal pattern Evening Star Doji if the pair closes today near the current levels (strong sell signal for EURUSD).

Given the clear daily downtrend, EURUSD currency pair can be expected to fall to the next support level 1.0400.