EUR/USD Daily Chart Analysis For Week of March 7, 2025Technical Analysis and Outlook:
In the preliminary phase of the Inner Currency Rally, the Euro achieved a significant milestone of 1.060 during the current week's trading session. Demonstrating an unprecedented surge in "dead-cat rally" sentiment, it subsequently completed our next targeted level of Inner Currency Rally of 1.086. As a result, the market has established a Mean Support target at 1.077, which the ongoing pullback indicates may be the next point of focus. This price movement may also lead to a further decline toward an additional Mean Support level of 1.057.
Conversely, should the anticipated downward trend fail to materialize, the Eurodollar may initiate an upward trend toward the Mean Resistance level of 1.091. This movement could aim for the ultimate Outer Currency Rally level of 1.124 in the near future.
