EUR/USD Price Forecast – May 28, 2025
The EUR/USD currency pair continues to trend lower, struggling to break above a descending trendline resistance. As of today, May 28, 2025, the pair remains capped below the key pivot level of 1.1345, indicating a bearish sentiment in the short term.
Key Technical Levels:
- Pivot Point: 1.1345
- Support Levels: 1.1280, 1.1250
- Resistance Levels: 1.1375, 1.1400
Intraday Trading Strategy:
🔻 Our Preference:
We recommend short positions below 1.1345, with targets at 1.1280 and 1.1250. The bearish bias remains intact as the pair fails to overcome the downtrend line and RSI shows further weakness.
🔺 Alternative Scenario:
If EUR/USD breaks above 1.1345, expect further upside momentum toward the next resistance levels at 1.1375 and 1.1400.
Technical Indicators Insight:
📉 The Relative Strength Index (RSI) has decisively dropped below the 30 level, signaling oversold conditions and increased bearish pressure. This breakdown supports the case for further downside as sellers remain in control.
💡 The descending trend-line, formed from previous highs, continues to suppress bullish attempts and acts as a strong technical barrier.
Market Sentiment & Outlook
The EUR/USD is influenced by continued divergence in monetary policy between the European Central Bank (ECB) and the U.S. Federal Reserve. Hawkish Fed tones combined with weaker Eurozone data are keeping the euro under pressure. Unless macroeconomic data shifts significantly, downside risks remain dominant in the short term.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any financial instrument. Always conduct your own research and consult with a licensed financial advisor before making trading decisions. Market conditions can change rapidly, and past performance is not indicative of future results.
