As of April 17, 2025, the EUR/USD currency pair is exhibiting a cautiously bullish technical outlook, though broader market sentiment remains mixed.
Forecasts
Short-Term: Analysts suggest that if current trends persist, the EUR/USD could reach 1.14754 in the near term .
April 2025: Projections indicate a potential rise to 1.16024 by the end of April, marking a 10.6% monthly gain .
Technical Outlook:
From a technical perspective, the EUR/USD has surpassed key resistance levels, with the next significant resistance anticipated around the 1.14754 mark. On the downside, support levels are observed between 1.12789 and 1.12600, areas that previously acted as resistance.
Market Sentiment:
Market sentiment indicates a strong bullish trend for the EUR/USD pair. Technical analysis suggests a "Strong Buy" recommendation on both daily and weekly timeframes.
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Forecasts
Short-Term: Analysts suggest that if current trends persist, the EUR/USD could reach 1.14754 in the near term .
April 2025: Projections indicate a potential rise to 1.16024 by the end of April, marking a 10.6% monthly gain .
Technical Outlook:
From a technical perspective, the EUR/USD has surpassed key resistance levels, with the next significant resistance anticipated around the 1.14754 mark. On the downside, support levels are observed between 1.12789 and 1.12600, areas that previously acted as resistance.
Market Sentiment:
Market sentiment indicates a strong bullish trend for the EUR/USD pair. Technical analysis suggests a "Strong Buy" recommendation on both daily and weekly timeframes.
Boost & Comments to Inspires me to share more Analysis with you.
Trade active
Trade closed: target reached
Target 1 Done price Touching on 1.15730 Almost Near to Target 2 .
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.