π EUR/USD Trading Signal β May 3, 2025
π The EUR/USD pair continues to trade under bearish pressure amid sustained dollar strength and rising geopolitical uncertainty. Our professional trading desk has issued todayβs high-probability signal after a multi-timeframe technical and fundamental convergence.
π§ Trade Setup (Primary Scenario)
Entry | Stop Loss | Take Profit 1 | Take Profit 2 |
---|---|---|---|
1.0705 (Sell) | 1.0750 | 1.0640 | 1.0590 |
Trade Type: Short
Signal Validity: Until end of day or upon major breakout above 1.0760
Risk-to-Reward Ratio: 1:2.3
Confidence Score: β
High
π Technical Analysis
πΈ Daily Chart Overview
EUR/USD remains locked in a bearish channel, with price action failing to break above the descending trendline from the March 2025 high. The 50-day EMA continues to cap upside moves, and today’s candle has already pierced through the 1.0710 intraday support.
Key Technical Signals:
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π» RSI (14) falling below 40 β bearish momentum building.
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π» MACD histogram widening in negative territory.
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π Price rejected at 1.0738 β key Fibonacci 61.8% level.
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βοΈ Price firmly below 50 and 200-day EMAs.
πΈ Intraday Levels
Resistance | Pivot | Support |
---|---|---|
1.0745 | 1.0710 | 1.0640 |
πΌοΈ Chart Pattern
Bearish flag breakdown on H4 timeframe, confirmed by high-volume rejection wicks on recent candles β signaling strong selling pressure and potential continuation below 1.0650.
π Fundamental Overview
The euro continues to face headwinds:
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πͺπΊ Eurozone inflation cooled to 2.4% (vs. 2.6% expected), increasing pressure on the ECB to ease.
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πΊπΈ US data remains resilient; ISM Services PMI came in strong at 54.2.
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π Fedβs Powell hinted at prolonged higher rates in recent comments, supporting the USD.
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π Diverging policy expectations driving capital toward the greenback.
External Source:
Eurozone Inflation Data β TradingEconomics
π Backup Scenario
If EUR/USD breaks and sustains above 1.0750 (invalidating current bias), we may see a corrective bullish push toward 1.0800, where fresh selling interest is likely.
Alternative Buy Setup:
Entry: 1.0765 | SL: 1.0725 | TP1: 1.0800 | TP2: 1.0840
Confidence: β οΈ Low-Medium β countertrend structure
π‘ Risk Management Tips
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Never risk more than 1β2% of your capital per trade.
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Monitor the NY session open for confirmation volatility.
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Always wait for candle close before executing breakouts.
π§ Final Thoughts
Dear trader, todayβs EUR/USD setup offers a technically and fundamentally aligned opportunity in favor of continued downside pressure on the pair. With macro fundamentals favoring the dollar and technical indicators pointing to a bearish continuation, this signal stands as a high-confidence trade.
π For more expert analysis and signals, always check:
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π Daily Forex Signals
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