EUR USD WEEK 18 YEAR 2025

EUR USD has had one of the most explosive moves in Weeks 10 and 15 in the Year 2025. It has erased all its losses since November 2022. Similar to the GBP USD pair EUR USD as well has a very prominent support/resistance area around 1.15 and it has reversed from the area closing at the same level as the opening of Week 16 candle. The reversal has been quite strong and it has printed a bearish RED candle. We need to see if it goes side ways or continues to go down this week as well. One needs to wait and watch the pair this week before deciding to take a position.

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