In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of EURUSD for June 3, 2025.
Fundamental Analysis of EURUSD
EURUSD Key Takeaways
The Eurozone’s manufacturing PMI unexpectedly rose to 49.4, signaling continued recovery in the sector. The industrial sector has resumed cutting sales prices after two consecutive months of increases, potentially giving the European Central Bank more flexibility to proceed with interest rate cuts.
Meanwhile, demand for goods showed signs of stabilization following a prolonged contraction. Companies also scaled back their reductions in employment, input purchases, and inventories, according to the survey.
Business sentiment improved as well, with firms’ confidence reaching its highest level since February 2022.
Technical Analysis of EURUSD
EURUSD Daily Chart Insights
Trend
The overall outlook for EURUSD is cautiously optimistic as long as the price remains above the key moving averages, particularly the 50-period and 200-period SMAs.
Momentum
The Stochastic Oscillator is currently in the upper quintile (around 80), but not yet in extreme overbought territory. It shows some recent downward turn, hinting at potential short-term bearish divergence if the price fails to make a new high while the oscillator does. However, it can also remain in this upper region during strong uptrends.
Support & Resistance
Immediate support is near the recent swing low around 1.0700-1.0750, where the price found buying interest. A breakout above 1.1000 with increased volume could indicate a continuation of the bullish trend, potentially targeting 1.1200-1.1300.
EURUSD 2-hour Chart Analysis
The EURUSD on the 2-hour timeframe exhibits a strong bullish trend. However, the Stochastic Oscillator shows a classic bearish crossover signal, suggesting that the bullish momentum might be waning in the very short term, and a pullback or consolidation could be imminent.
Possible Breakthroughs
Key support to watch on a pullback is the 1.1410−1.1420 zone. A sustained break above the current resistance at 1.1455−1.1465 would reaffirm bullish strength, while a break below 1.1385 would signal a more significant short-term correction.
EURUSD Pivot Indicator
All three moving averages are aligned bullishly. The Stochastic Oscillator in overbought territory signaling a potential bearish crossover, the risk of a pullback or consolidation has increased.
Possible Breakthroughs
A break below 1.1420−1.1425 would suggest a more substantial loss of immediate momentum. 1.1395−1.1400 play as a key support level. A failure to hold this level would indicate a more significant short-term correction or potential trend shift on this 30-minute time-frame.
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Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.
