We talked a lot about the bearish U.S. dollar in the past weeks. We also shared EURUSD already back on March 05, where we mentioned and highlighted a bullish reversal after we spotted strong support within a larger ABC corrective decline. Link here. 

EURUSD Daily Chart

As expected, EURUSD is coming higher now, trading in wave five of an impulse, extended black wave 3 that that touched the Fib resistance zone as expected here around 1.11 area. So with this new leg up it really seems that big and important low for the EURUSD is in place at 1.02 and that market can stay bullish for some time as big corrective drop appears completed on daily and weekly charts. However, be aware of some set-back in the meantime,and possibly new retracement may not be far away.

EURUSD 4H Chart

For a detailed view and more analysis like this, you may want to watch our latest recording of a live webinar streamed on March 31, 2025:

Video Length: 00:26:47

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