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EUR/USD Analysis and the Push for Ascent! Article Sponsored by CloseOption Broker - Forum Admin - 02-04-2025  EUR/USD Analysis and the Push for Ascent! Article Sponsored by CloseOption Broker   The key support and resistance level ahead for EUR/USD is as follows: • Third Key resistance level of EUR/USD: 1.05000 • Second Key resistance level of EUR/USD: 1.04200 • First key resistance level of EUR/USD: 1.03450 • First key support level of EUR/USD: 1.02230 • Second Key support level of EUR/USD: 1.01768 • Third Key support level of EUR/USD: 1.01500   EUR/USD Analysis and the Push for Ascent! As noted in the previous analysis of the EUR/USD currency pair dated January 21, 2025, the price could rise to resistance levels of 1.04580 and 1.05000, which ultimately materialized. The EUR/USD chart has been on a downward trend for the past four months, but with the price reaching the 61.8 Fibonacci support level (the range between the low cost of 0.95435 and the high price of 1.12753), further decline has been temporarily halted. With the formation of a doji candlestick pattern (monthly chart) on the aforementioned support level, the first sign of confusion among traders is observed. In shorter time frames, such as the daily chart, the price has stopped falling further upon reaching the key level of 1.02230, and with the formation of a price floor, high-risk buyers are active. Given that the price is relatively oversold in the daily time frame if the resistance level of 1.0345 is broken, the bullish probabilities in this essential currency pair are strengthened, and the potential for the price to reach resistance levels of 1.042 and subsequently up to 1.05 is reinforced. In the opposite scenario and downward movements, if the critical support level of 1.02230 is broken and prices stabilize below it, further price decline and reaching support levels of 1.01768 and up to 1.01500 are possible.    Trade Euro/USD on CloseOption 1.000$ Weekly Free Entry Trading Contest