EUR/USD Analysis – January 30, 2025

📉 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 Policies: The ECB has cut interest rates to 2.75% to support the economy, weakening the euro.
3️⃣ Policy Divergence: The Federal Reserve maintains a tighter monetary stance compared to the ECB, strengthening the US dollar.
4️⃣ Trade Tensions: Potential new US tariffs on European imports could put additional pressure on the euro.
5️⃣ Weak Eurozone Economy: Recent PMI data indicates economic slowdown, reinforcing the bearish outlook.

⚠️ Disclaimer: This analysis is for educational purposes only and is not financial advice. Please manage risk wisely.