EUR USD Technical Analysis March 10, 2025
As of March 10, 2025, the EUR/USD currency pair has exhibited notable movements on the H1 time frame, influenced by both technical indicators and fundamental factors.
Current Price Levels and Technical Indicators:
In the past few hours, EUR/USD has been trading around the 1.0835 mark, showing signs of losing upward momentum. Technical indicators suggest an overbought condition, which may limit further gains in the short term.
Support and Resistance Levels:
- Immediate Resistance: 1.0900 – This level has emerged as a significant barrier, with the pair struggling to break above it.
- Immediate Support: 1.0830 – After breaching this level, the pair has used it as a support base, indicating its importance in the current trading scenario.
- Key Support: 1.0712 – This level serves as a crucial downside target if the pair continues to lose momentum.
Fundamental Factors:
Recent data indicates a 2.4% decline in Germany’s industrial production in December, marking the steepest decrease since July. However, January’s estimate points to a rebound of 1.6%, which could provide some support to the Euro.
Conclusion:
The EUR USD pair is currently navigating a tight range, with 1.0900 acting as a ceiling and 1.0830 providing a floor. Traders should monitor these levels closely, as a break in either direction could set the tone for the pair’s next move. Additionally, overbought technical conditions and upcoming economic data releases may influence short-term price action.
GBP/USD Technical Analysis March 10, 2025