EUR/USD Intraday Analysis – June 5, 2025
The EUR/USD pair remains on an upward path as it trades confidently above the key pivot level of 1.1395. The euro is benefiting from soft U.S. dollar sentiment, hawkish signals from the ECB, and improving eurozone macro data. These fundamental tailwinds are keeping bullish momentum intact.
Technical Setup
- 🔹 Pivot Level: 1.1395
- ✅ Bullish Scenario:
Long positions above 1.1395, targeting 1.1435 and 1.1450. - ❌ Bearish Scenario:
Below 1.1395, expect downside movement toward 1.1375 and 1.1355.
💬 Comment:
The pair is eyeing further gains toward 1.1450 if 1.1395 holds as strong support. Momentum indicators favor the bulls.
Key Technical Highlights
- RSI Signal: RSI is rising, indicating growing bullish strength without overbought conditions.
- Trend Bias: Higher highs and higher lows confirm the prevailing uptrend. 🔼
- Volume Insight: Accumulation signs visible with stronger buying volumes around support zones. 🧮
Fundamental Drivers to Watch
- ECB Policy Outlook: Positive economic indicators may keep the ECB on a firm policy path.
- U.S. Dollar Weakness: Market bets on a dovish Fed are pushing the dollar lower. 💵
- Eurozone Inflation & GDP: Any data beat could further fuel EUR gains.
Forecast Summary
The EUR/USD pair continues to favor buyers as long as it remains above 1.1395. A successful move beyond 1.1435 could clear the path toward 1.1450, which may act as a near-term resistance zone.
If the price falls below 1.1395, it could trigger a corrective pullback toward 1.1375 and even 1.1355. However, broader market sentiment still leans bullish unless major macro shifts occur.
Frequently Asked Questions (FAQs)
Q1: Is EUR/USD bullish today?
👉 Yes, the pair is bullish above the 1.1395 pivot level.
Q2: What are today’s resistance targets?
👉 The next key resistance levels are 1.1435 and 1.1450.
Q3: What could cause a reversal in EUR/USD?
👉 A strong rebound in the U.S. dollar or unexpected ECB dovishness.
Q4: What technical indicators support this analysis?
👉 RSI, price action above the pivot, and trendline support all suggest bullish continuation.
Q5: Can this analysis be used for trading?
👉 This is for informational purposes. Please consult a financial advisor before trading.
Disclaimer
This content is for informational and educational purposes only. It does not constitute investment advice or trading recommendations. Forex trading involves significant risk and is not suitable for all investors. Always perform your own analysis or consult a licensed financial professional before making financial decisions. 📉📈💼
