Weekly Analysis List
EUR/USD Weekly Analysis
4/28/25
Market Overview
EUR/USD Weekly Analysis (28.04.2025)
Trend and Momentum:
The EUR/USD pair is exhibiting a bullish trend and remains in an impulsive phase. The pair is trading around 1.1344, which is above the VWAP (Volume Weighted Average Price) of 1.1259. Moreover, the RSI (Relative Strength Index) stands at 60.4, signifying robust momentum.
Support and Resistance Levels:
Support Levels:
• 1.1308: Immediate support.
• 1.1245-65: Secondary support.
• 1.1140-60: Tertiary support.
Resistance Levels:
• 1.1388: Immediate resistance.
• 1.1440: Secondary resistance.
• 1.1540-75: Tertiary resistance.
Market Sentiment:
The US Consumer Sentiment Index declined to 52.2 points in April, reflecting weaker consumer confidence. Additionally, labour market expectations in the US remain subdued, which could negatively impact the USD.
Conclusion
Outlook:
Should the EUR/USD pair surpass the 1.1388 resistance level, it may progress towards 1.1440 and further to 1.1540-75. Conversely, if the pair drops below the 1.1308 support level, it might decline towards 1.1245-65 and further down to 1.1140-60.
This analysis provides a detailed overview of the EUR/USD pair's performance and potential movements for the week.