📉 EUR/USD Analysis – January 30, 2025
🔹 Expectation: Euro to decline against the US dollar
🔹 Entry Level: Break of 1.0384
🔹 Stop Loss: 1.0424
🔹 Target 1: 1.03094
🔹 Target 2: 1.02555
🔍 Reasons for Entering the Trade:
1️⃣ Technical Analysis: The price is approaching a key support level at 1.0384, and a break below could trigger further downside.
2️⃣ Monetary...
It looks like the EUR/GBP pair has broken a previous support zone, turning it into a resistance zone. After this break, the price is now making a bullish correction to retest that area.
Trade Setup:
• Wait for the last low (marked by the red line) to be broken clearly by a strong bearish engulfing candle, confirming the continuation of the downtrend.
• Once...
