EUR/USD Technical Analysis April 3, 2025
Current Price Levels and Technical Indicators:
As of 07:00 GMT on April 3, 2025, the EUR/USD pair is trading at approximately 1.0925. The 14-day Relative Strength Index (RSI) is positioned below 60.00, indicating that while bullish momentum has subsided, an upside bias remains intact. Moving averages present mixed signals: the 20-day Exponential Moving Average (EMA) offers support around 1.0778, whereas the 50-day and 100-day Simple Moving Averages (SMA) suggest a bearish outlook.
Support and Resistance Levels:
Support Levels:
1.0777: Daily S1 level
1.0730: 200-day SMA
Resistance Levels:
1.0810–1.0815: Immediate resistance zone
1.0850: Minor resistance
1.0900 and 1.0950: Subsequent resistance levels
Fundamental Factors:
The recent announcement by U.S. President Donald Trump of sweeping new tariffs, including a 10% universal tariff on all imported goods effective April 5, has significantly impacted global markets. This move has led to a broad sell-off in equities and a shift towards safe-haven assets. The U.S. dollar has weakened broadly, with its index falling to the lowest level since October, while the euro has gained strength.
Conclusion:
The EUR/USD pair is currently exhibiting a cautious bullish bias, supported by technical indicators and recent fundamental developments. Traders should monitor the key support and resistance levels mentioned, as well as stay informed on any further geopolitical developments or economic data releases that could influence market sentiment.
GBP/USD Technical Analysis April 3, 2025