Hello traders, we have come with a forex trading analysis on the EURUSD market. Let’s move on to the analysis.

EURUSD Analysis & Trading Signal for Feb 3, 2025, by Guriforex

EURUSD Technical Analysis: Market Reacts to Political Uncertainty

The EURUSD pair has experienced a sharp drop, influenced by political uncertainty surrounding Trump’s latest news, which unsettled the markets. This has resulted in a significant gap down, raising questions about whether the pair will recover or continue its downward trajectory.

Key Technical Levels & Trading Plan

📉 Current Market Structure:

📍 Support & Resistance:

📈 Trade Idea: Buy on Consolidation Above 1.0250
🔼 Bullish Scenario:

⚠️ Risk Management:

Fundamental Factors Affecting EURUSD

💵 US Dollar Strength & Federal Reserve Policy:

📈 Eurozone Economic Outlook:

Final Thoughts: Will EURUSD Fill the Gap?

The market is at a critical decision point, and traders should closely watch the 1.0250 level for confirmation of a potential reversal.

💬 What’s your take on EURUSD? Do you think the pair will bounce back or continue to decline? Drop your thoughts below! 🚀🔥

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