Categories: Technical analysis

EURUSD Wave Analysis – 3 April 2025

EURUSD: ⬆️ Buy

– EURUSD broke key resistance level 1.0930

– Likely to rise to the resistance level 1.1200

EURUSD currency pair recently broke the key resistance level 1.0930 (which has been reversing the price from November – having stopped the previous waves 2 and (2), as can be seen below).

The breakout of the resistance level 1.0930 continues the short-term correction 2 from the end of last month.

Given the strongly bearish US dollar sentiment seen today, EURUSD currency pair can be expected to rise to the next significant resistance level 1.1200 (the former monthly high from August and September).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: EURUSD

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