Current Market Situation

As of February 7. 2025. the opening price of the euro against the US dollar (EUR/USD) was 1.0385. the previous close was 1.0384. the highest price was 1.0392. the lowest price was 1.0382. and the increase was 0.01%.

Technical Analysis

• Short - term Trend: From the daily chart, EUR/USD has shown a slight fluctuation recently, with an overall stable trend. The current price is close to the 1.0400 mark, which is both a previous support level and a recent resistance level.

• Technical Indicators: The RSI (14) indicator value is 69.445. which is in the overbought area, indicating that the market may face certain pullback pressure in the short term. The MACD indicator shows that the bullish momentum has a slight advantage, but the overall trend is still not clear.

• Support and Resistance: The current main support level is around 1.0370. If the price breaks below this level, it may further decline to 1.0350. The resistance level is around 1.0410. If it can break through effectively, it is expected to test 1.0430.

Market Influencing Factors

• US Dollar Index: The US dollar index has been strong recently. In the previous trading day, it closed at 107.69. up 0.10%, which has put some pressure on the EUR/USD exchange rate.

• European Central Bank Policy Expectations: The market generally expects that the European Central Bank may continue to cut interest rates in the future, which will have a negative impact on the euro exchange rate.

• US Economic Data: The number of initial jobless claims in the US was 219.000. slightly higher than expected, but the overall job market still shows some resilience, which provides some support for the US dollar.

Investment Suggestions

• Short - term Operations: Given that EUR/USD is at a critical position, it is recommended that investors be cautious. If the price fails to break through the 1.0410 resistance level effectively, consider short - selling with a light position, with the target price of 1.0350. If the price breaks through and holds above 1.0410. consider going long in the short term, with the target price of 1.0430.

• Medium - and Long - term Trends: From the monthly chart, EUR/USD is still in a downward trend, and the next important support level is 1.0123. Medium - and long - term investors need to pay attention to the interest rate cut rhythm of the European Central Bank and changes in US economic data.

The above analysis is for reference only and does not constitute an investment recommendation. Investors need to pay close attention to market dynamics and reasonably control risks.