CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Euro - Dollar Analysis

EU Session Analysis for CFD Instruments 03/02/2025

Fundamental analysis

03 February, 2025

In Asian trading, the euro was higher against the US Dollar, trading above the 1.0240 mark.

The EUR/USD edged slightly higher this morning after the ECB rate cut last week, following a big price drop over the weekend as the Euro weakened after the interest rate cut decision. In Europe, Manufacturing PMI data for January (46.1 expected) will be posted (9:00 GMT). In the US, Manufacturing PMI figures for January (50.1 exp) will be posted (14:45 GMT).

Technical analysis

Euro - Dollar Analysis Technical analysis 03/02/2025
Time Frame: 1 hour

EURUSD Support & Resistance Table - 03/02/2025

Support & Resistance Level Explanation
Resistance 2 1.0302 Daily R2
Resistance 1 1.0280 Daily R1
Support 1 1.0220 Daily S1
Support 2 1.0197 Daily S2

EURUSD Indicator Table - 03/02/2025

Indicator Signal
SMA 20 Sell
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Sell
RSI (14) Sell
Stochastic ( 9;6;3) Sell

EURUSD Indicator / Period Table - 03/02/2025

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell BuySell
RSI (14) Sell SellSell
SMA 20 Sell SellSell

EURUSD 03/02/2025 - Reference Price : 1.0250

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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Euro - US Dollar Chart
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