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.

Share
Published by
The FxPro Tech Analysis Team
Tags: EURUSD

Recent Posts

Nikkei 225 Wave Analysis – 4 April 2025

Nikkei 225: ⬇️ Sell - Nikkei 225 broke support zone - Likely to fall to…

2 days ago

Gold Wave Analysis – 4 April 2025

Gold: ⬇️ Sell - Gold broke daily up channel - Likely to fall to support…

2 days ago

Video Pro News Weekly

The U.S. dollar takes a major hit as trade tariffs spark capital flight, while global…

2 days ago

Mad Gold and Crude Oil

Gold experienced a significant increase followed by a sharp decline. It may be a good…

2 days ago

The US index’s demise has accelerated after confirming the downtrend

US indices fell after tough tariffs were announced by Trump, triggering a negative reaction in…

2 days ago

Tariff wars made the dollar a risky asset

The US dollar is experiencing a decline due to trade tariffs and capital flight. The…

2 days ago

This website uses cookies