EUR/USD Technical Analysis – June 3, 2025

Current Price:

EUR/USD is trading around 1.0780 as of the latest session.

📊 Daily Chart Overview

🔹 Trend:

• The pair remains in a short-term uptrend, bouncing from the 1.0650 support zone in late May.
• Price is approaching a key resistance zone near 1.0800 – 1.0825, which may cap upside potential short-term.

🔹 Support Levels:

• 1.0725 – 1.0700: Minor pullback support.
• 1.0650: Major horizontal support and previous swing low.
• 1.0600: Psychological round number + March/April lows.

🔹 Resistance Levels:

• 1.0800 – 1.0825: Key resistance zone (tested several times in April/May).
• 1.0870 – 1.0900: Next resistance area if breakout occurs.

🔹 Indicators:

• 50-day MA is crossing above the 200-day MA (golden cross), signaling bullish momentum.
• RSI (Relative Strength Index) at ~63: bullish but not yet overbought.
• MACD: Histogram is positive; signal line crossed above zero, supporting bullish continuation.

⏱️ 4-Hour Chart Snapshot

• Price is consolidating below 1.0800, forming a potential bullish flag pattern.
• Break above 1.0825 could trigger a push toward 1.0870 – 1.0900.
• A break below 1.0725 could open the door back to 1.0650 support.

📈 Trade Ideas (Short-Term):

✅ Bullish Scenario:

• Entry: Buy on breakout above 1.0825
• Target: 1.0870 / 1.0900
• Stop Loss: Below 1.0780 (recent minor swing low)

❌ Bearish Scenario:

• Entry: Sell on rejection near 1.0825 resistance
• Target: 1.0725 / 1.0650
• Stop Loss: Above 1.0850

📌 Key Drivers to Watch This Week:

1. US Non-Farm Payrolls (NFP) – Friday: May influence USD volatility.
2. ECB Commentary: Any hawkish/dovish signals from Lagarde or ECB speakers.
3. Eurozone CPI Flash Estimate (due June 5): Could boost EUR if inflation ticks higher.