EURUSD Maintains Upward Momentum as U.S.-Ukraine Negotiations Enter Final Stage【February 27, 2025】
Fundamental Analysis
U.S. and Ukraine Negotiating Over Underground Resources
Expectations are rising for a potential resolution to the Ukraine conflict as negotiations between the U.S. and Ukraine progress.
EURUSD Technical Analysis
Analyzing the daily chart of EURUSD, the pair is encountering strong resistance around the 1.05 USD level, leading to continued consolidation. After rising from 1.017 USD to 1.05 USD, the pair pulled back but did not break the previous low, instead rebounding.
If negotiations between Ukraine and the U.S. progress towards a ceasefire, EURUSD may have further upside potential. The RSI is currently at 56, indicating a wait-and-see approach until the next major catalyst emerges. Traders should watch for a breakout above the 1.05 USD level.
Day trading strategy (1 hour)
Analyzing the 1-hour EURUSD chart, the 90-period moving average is acting as a support level, while the 10-period moving average is also approaching, creating a narrow-range market. As tomorrow marks the end of the month, USD selling adjustments and rebalancing may occur.
A buy-the-dip strategy is recommended for EURUSD:
Buy Limit Order: 1.045 USD
Stop Loss: 1.042 USD
Take Profit: 1.05 USD
Support/Resistance lines
Key support and resistance lines to consider:
- 1.052 USD – The most recent major resistance level
Market Sentiment
EURUSD Sell: 43% / Buy: 57%
Today’s important economic indicators
Economic Indicators and EventsJapan TimeU.S. Continuing Jobless Claims22:30U.S. Core PCE Price Index22:30U.S. GDP22:30
*Trading advice in this article is not provided by Milton Markets, but by Shu Fujiyasu Jr., a certified technical analyst.
Risk Disclaimer
This analysis is for educational purposes only and does not constitute investment advice. Trading forex and CFDs involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results.
This analysis is for educational purposes only and does not constitute investment advice. Trading forex and CFDs involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results.
