Date: 03.01.2025

EUR/USD Current level - 1.0267

Since the start of the new year, the EUR/USD exchange rate has been on a downward trajectory. The bears successfully broke below the 1.0300 level, and as of this analysis, they are testing the support at 1.0251. Should bearish momentum persists, the pair may target the next support level at 1.0201. Conversely, if bullish sentiment gains strength, the pair could rebound toward the key resistance at 1.0372. Traders should watch for potential increased volatility during today’s session, particularly around the release of the U.S. ISM Manufacturing Prices Index at 16:00 CET.

Forex Technical Analysis on EUR/USD

resistance
Daily Weekly
1.0300 1.0471
1.0372 1.0516
support
Daily Weekly
1.0251 1.0150
1.0201 1.0150
 

USD/JPY Current level - 157.30

USD/JPY is currently forming a consolidation range between 157.59 and 156.04. If bullish momentum strengthens, the pair is likely to test the resistance at 158.65. Otherwise, increased bearish pressure could lead to a break below the 156.04 support, with the next target at 155.05.

Forex Technical Analysis on USD/JPY

resistance
Daily Weekly
157.59 159.00
158.65 159.00
support
Daily Weekly
156.04 153.16
155.05 151.51
 

GBP/USD Current level - 1.2390

Following the previous trading session, the downward trend in GBP/USD remains intact. The bears broke below the 1.2402 level, but as of this analysis, bullish momentum is emerging. If bearish dominance persists, the next target for sellers is likely the support at 1.2300. Alternatively, a bullish recovery could push the pair toward the resistance at 1.2484.

Forex Technical Analysis on GBP/USD

resistance
Daily Weekly
1.2402 1.2603
1.2484 1.2716
support
Daily Weekly
1.2350 1.2250
1.2300 1.2250
 

EUGERMANY40 Current level - 19979

Since the start of the year, EUGERMANY40 has been trading within a range between 20006 and 19600. Currently, the price is approaching the resistance at 20006. A bullish breakout above this level could trigger further gains, with the next target at the resistance of 20206. On the other hand, if bearish momentum takes over, the index may retreat toward the support at 19600, potentially signaling the start of a downtrend.

Forex Technical Analysis on EUGERMANY40

resistance
Daily Weekly
20006 20438
20206 20950
support
Daily Weekly
19600 19125
19333 18685
 

US30 Current level - 42398

Investor sentiment in the Blue Chip Index remains uncertain, with the price currently hovering around the 42341 level. If bullish momentum prevails, the index could rise above the resistance at 43340. However, if bears dominate, a decline is likely, with the next key support at 41719. Traders will be watching closely for the release of the U.S. ISM Manufacturing Prices Index at 16:00 CET, which may influence market volatility.

Forex Technical Analysis on US30

resistance
Daily Weekly
42987 43826
43340 44321
support
Daily Weekly
42341 41290
41719 41000