Analysis of the EURUSD Currency Pair for 04.02.2026

Currency pair analysis based on modified wave analysis, Fibonacci levels, and price channels.

04.02.2026.     

EURUSD

       The trend is bullish. The currency pair is trading within the range of the 365 and 135 EMAs. The downward truncated wave structure has ended with a breakout of the descending channel. The Awesome Oscillator shows bullish divergence.

Trading idea:

Buy on a breakout above 1.1837.

Stop Loss – 1.1775.

Target levels – 1.1920; 1.1993.