EUR/USD Maintains Uptrend, Breaks Recent High【June 3, 2025】
Fundamental Analysis
The U.S. has announced an extension of the suspension of tariffs on certain Chinese goods, with the new deadline set for the end of August.
Additionally, a White House spokesperson commented on the possibility of a U.S.-China summit, hinting at diplomatic developments ahead.
EURUSD Technical Analysis
Looking at the daily chart, EUR/USD continues its upward trend and is approaching the key psychological level of 1.1500 after breaking into the 1.14 range. The pair recently updated its local high, maintaining bullish momentum.
A key point of focus will be whether it can break above the previous high near 1.1570 from late April. Back then, a bearish engulfing pattern emerged around that level, followed by a sharp decline below 1.12. How the market reacts this time will be crucial.
Both the 52-day and 90-day moving averages are trending upward, supporting a gradual bullish bias.
EURUSD/Daily
Day Trading Strategy (1-Hour Chart)
On the hourly chart, the RSI has dipped below 70, suggesting a pause in the rally and a potential for short-term correction. The 52-period moving average on the 1-hour chart is also being watched closely. A buy-on-dip strategy is recommended near 1.1375, just below the 1.14 level. If RSI nears 50, stronger buying interest may emerge.
Trade Plan:
Entry: Buy limit at 1.1375
Take Profit: 1.1500
Stop Loss: Below 1.1350
EURUSD／1H
Support and Resistance Levels
Support and resistance levels to watch going forward:
1.1570: Previous daily high (late April)
1.1500: Psychological round number
Market Sentiment
EURUSD
- 70% short / 30% long
Today’s Key Economic Events
| Event | Time (JST) |
| --- | --- |16:50Speech by BoJ Governor Ueda18:00Eurozone CPI23:00U.S. JOLTS Job Openings
*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.
