Review of EUR/USD Market Conditions as of April 30, 2025

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 Review of EUR/USD Market Conditions as of April 30, 2025

 

 
The key support and resistance levels ahead for EUR/USD are as follows:
 •Third Key resistance level of EUR/USD: 1.15470
• Second Key resistance level of EUR/USD: 1.15000
• First key resistance level of EUR/USD: 1.14200
• First key support level of EUR/USD: 1.13150
• Second Key support level of EUR/USD: 1.12500
•Third Key support level of EUR/USD: 1.12030

Review of EUR/USD Market Conditions as of April 30, 2025
Over the past two months, the EUR/USD exchange rate has demonstrated a strong upward trend. During this bullish momentum, buyers reached a peak price level of 1.15734.

Analysis of longer-term timeframes, such as the monthly and weekly charts, indicates a prevailing bullish configuration. Should these conditions persist, a key target for buyers lies at the 1.17000 level.

Recent advances have positioned the market in overbought territory in the shorter-term daily timeframe. This situation has prompted some conservative buyers to exit positions, resulting in a minor corrective phase characterized by range-bound price action. This limited correction can be attributed to traders awaiting the release of key economic data from Europe and the United States.

Should the corrective pressures intensify, the 1.12500-1.12030 zone represents a significant support-turned-resistance level that will be closely monitored.

Conversely, in a bullish scenario, a break and sustained price action above the 1.14200 resistance level would suggest the potential for further gains, targeting the 1.15000 resistance and, in a more pronounced move, extending towards 1.15470.
 

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