02.06.202508:48 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Monday June 02, 2025.

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Currently on the 4-hour chart, the EUR/USD main currency pair appears to be moving above the WMA (21) which also has a slope that is going upwards and the condition of the Stochastic Oscillator indicator which has a Crossing Buy condition so that based on these two facts, it confirms that in the near future Fiber has the potential to strengthen to test the 1.1390 level. If this level is successfully broken and closes above it, then EUR/USD has the potential to continue its strengthening back to the 1.1450 level as its main target and if the volatility and momentum of its strengthening support it, then the 1.1500 level will be the next target to be aimed for, but if on its way to these levels there is suddenly a weakening correction until it breaks through and closes below the 1.1211 level where this is confirmed by the appearance of the Ascending Broadening Wedge pattern, then all strengthening scenarios that have been described previously become invalid and automatically canceled by themselves.

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