EUR/USD Weekly Special Report based on 1.00 Lot Calculation:
FUNDAMENTAL ANALYSIS:
- EVENT (THURSDAY, JUNE 5 AT 13:15 GMT+1): EUROPEAN CENTRAL BANK (ECB) INTEREST RATE CUT DECISION. The ECB cut its benchmark interest rate in April from 2.65% to the current 2.40%, and investors expect the ECB could continue with their rate-cutting cycle in June 2025, as the ECB continues to offer support to the European businesses.
- EVENT (FRIDAY, JUNE 6 AT 13:30 GMT+1): US NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (MAY). A lower-than-expected NFP reading should be taken as positive for the EUR/USD currency pair, because a weaker US economy could exert negative pressures on the US dollar. This data measures the change in the number of people employed during the previous month, excluding the farming industry. The data for the previous month stood at 177,000 which lower than for the month before (228,000).
TECHNICAL ANALYSIS:
- LONGER-TERM TREND LINE: The black trend line depicted by the chart below shows that EUR/USD prices have maintained their uptrend in general since January 2025.
- DAILY MOVING AVERAGES POINT TO UPTREND: EUR/USD have recently traded above the 20- and 50-day moving Averages, pointing to an ongoing uptrend. However, EUR/USD can change its trend if prices fall below the 20- and 50-day Moving Averages.
- 14-DAY RELATIVE STRENGTH INDEX (RSI) STAYS ABOVE 50: The chart below shows that the 14-day relative strength index (RSI) remains in an uptrend, floating above the break-even point of 50, towards the upper limit of 70, before it tries to enter an oversold territory and potentially change its trend.
- RESISTANCE AND SUPPORT LEVELS: The EUR/USD has remained in a longer-term uptrend, looking at Resistance 1 of $1.1500, Resistance 2 of $1.1550, and Resistance 3 of $1.1600 to the upside. On the downside, EUR/USD looks at Support 1 of $1.1330, then towards Support 2 of $1.1300, and Support 3 of $1.1280.
GRAPH (Daily): September 2024 – June 2025
Please note that past performance does not guarantee future results
EURUSD, June 2, 2025
Current Price: 1.1410
|
EUR/USD |
Weekly |
|
Trend direction |
|
|
1.1600 |
|
|
1.1550 |
|
|
1.1500 |
|
|
1.1330 |
|
|
1.1300 |
|
|
1.1280 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
EUR/USD |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
1,900 |
1,400 |
900 |
-800 |
-1,100 |
-1,300 |
|
Profit or loss in €² |
1,664 |
1,226 |
788 |
-701 |
-964 |
-1,139 |
|
Profit or loss in £² |
1,403 |
1,034 |
665 |
-591 |
-812 |
-960 |
|
Profit or loss in C$² |
2,604 |
1,919 |
1,233 |
-1,096 |
-1,508 |
-1,782 |
- 1.00 lot is equivalent of 100.000 units
- Calculations for exchange rate used as of 13:00 (GMT+1) 02/06/2025
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.