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05.05.202517:34 विदेशी मुद्रा विश्लेषण और समीक्षा: Trading Signals for EUR/USD for May 5-8, 2025: sell below 1.1370 (200 EMA - 6/8 Murray)

Exchange Rates 05.05.2025 analysis

Early in the American session, the EUR/USD pair is trading around 1.1345, reaching the top of the downtrend channel and showing signs of exhaustion.

The euro could resume its bearish cycle if it consolidates below 1.1370 in the coming days. It could then reach the 6/8 Murray level at 1.1230 and eventually reach the 200 EMA around 1.1161.

On the other hand, if the instrument breaks and consolidates above 1.1400, we could expect it to continue rising to reach the 7/8 Murray level at 1.1474. Eventually, EUR/USD could reach the 8/8 Murray level at 1.1718.

The outlook remains negative for the euro, and we believe it could reach the psychological level of 1.10 around the 5/8 Murray level in the short term.

The Eagle Indicator is showing a negative signal, and we will look for selling opportunities while the euro price remains below 1.1400, with a short-term target at 1.0986.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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