05.02.202505:44 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Wednesday February 05, 2025.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

With the appearance of divergence between the EUR/USD price movement and the Stochastic Oscillator indicator and the appearance of the Bullish 123 pattern followed by the Bullish Ross Hook and added to the Fiber price movement being above the WMA (30 Shift 2) then it seems that in the near future there is potential to appreciate and strengthen where if the level of 1.0388 is successfully penetrated and closes above it then EUR/USD will continue its strengthening to 1.0410 as its main target and if the momentum and volatility support 1.0457 will be the next target but if in its strengthening Fiber suddenly corrects quite significantly especially if it breaks through and closes below the level of 1.0200 then it is certain that the strengthening scenario that has been described will be invalid.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.