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EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900

FxWirePro: EUR/NZD edges lower but bullish outlook persists

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FxWirePro- Major European Indices

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FxWirePro- Major European Indices

Wednesday, May 7, 2025 8:05 AM UTC

Germany DAX - 23318 (0.32% )

Major resistance- 23820/24000

Near-term resistance 23500/23800/24000.

Minor support - 22900/22780/22500/22300/22000/21700/21400.

Trend reversal level- 17000

The pair holds above short-term (34 EMA, above 55 EMA) and long-term (200 EMA) in a 4-hour chart.

Indicators (4-hour chart)

ADX- Neutral (4-hour chart)

CCI (50)- Bullish

RSI - 65.82 (4-hour chart)

France CAC - 7664 (-0.16%)

Major resistance- 8254

Near-term resistance - 7800/8000

Minor support- 7600/7554/ 7520/7450/7340/7300/7250/7200.

Trend reversal level- 5600

Indicators

ADX- Bullish (4-hour chart)

CCI (50) - Bullish (4- hour chart)

RSI - 54.55 (4-hour chart)

UK FTSE - 8579 (0.27% )

Major resistance- 8910/9000

Near-term resistance - 8650/8800

Minor support-8500/ 8400/8265/8170/8060/7995

Trend reversal level- 7535

Indicators

ADX- neutral (4-hour chart)

CCI (50) - Bullish (4- hour chart)

RSI - 55.08 (4-hour chart)

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FxWirePro- Major European Indices

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