📆 Market Analysis (March 3, 2025) – European and US Trading Session
At the time of writing,
EURUSD is trading around 1.04040, facing bearish pressure after failing to sustain recent rebounds. Traders are closely monitoring upcoming economic releases and geopolitical developments, which may significantly impact market sentiment.
📊 Technical Analysis: Price Action & Indicators
1. Daily Chart (D1) – Macro Trend Perspective
📉 Bearish Bias: The daily timeframe shows a clear downtrend, with a lower-high structure intact.
🔥 Key Resistance: 1.0500 – 1.0550 (strong supply zone where sellers have previously stepped in).
🏆 Key Support: 1.0350 – 1.0300 (psychological level and recent demand zone).
📊 Indicators:
RSI (Relative Strength Index): At 47.97, showing weak bullish momentum, but still below the neutral 50 level, suggesting continued downside risk.
MACD (Moving Average Convergence Divergence): Bearish crossover confirmed, with histogram showing increasing selling pressure.
Volume Analysis: Recent price drops were accompanied by increasing bearish volume, indicating strong seller participation.
2. 4H Chart (H4) – Medium-Term Trend
📉 Bearish Momentum: Price is forming a descending structure, with lower highs and lower lows.
🔄 RSI: Currently at 38.34, approaching oversold levels, indicating a possible short-term bounce before further decline.
📈 MACD: Bearish cross has occurred, but the histogram is starting to flatten, suggesting selling pressure might be slowing.
3. 1H Chart (H1) – Short-Term Outlook
⏳ Rebound or Further Drop? Price recently bounced from 1.0380, but rejection at 1.0420 suggests weak buying momentum.
📌 Support Levels to Watch: 1.0380 – 1.0350
🚀 Resistance Levels: 1.0420 – 1.0450
⚡ RSI Divergence? Short-term RSI is rising while price remains stagnant, indicating a potential short-term reversal before further decline.
🌍 Fundamental Analysis: Key Market Drivers
Eurozone Inflation Data (CPI) 🏦: Expected this week, which will shape ECB’s next policy move.
US Non-Farm Payrolls (NFP) 📊: A strong report could further strengthen the USD.
Geopolitical Uncertainty 🌎: Global risk sentiment favors the USD as a safe haven.
📈 Trading Strategy: Fuinvest’s Trade Setup
🔹 Scenario 1: Short Position (Bearish Bias)
Entry: Sell at 1.0420 – 1.0450
Stop Loss (SL): 1.0480 (Above recent highs)
Take Profit (TP): 1.0350 – 1.0320 (Key support zone)
Risk-Reward Ratio: 📉 1:3 (High probability trade setup)
🔹 Scenario 2: Reversal Trade (Short-Term Bullish Bounce)
Entry: Buy at 1.0350 – 1.0380
Stop Loss (SL): 1.0320 (Below major support)
Take Profit (TP): 1.0450 (Near-term resistance)
Risk-Reward Ratio: 📈 1:2 (Short-term retracement play)
🎯 Conclusion & Final Thoughts
📉 Bearish sentiment dominates, but a short-term rebound could occur before further declines.
🔥 Key economic data this week will be crucial in determining the next major move.
📌 Fuinvest recommends a cautious trading approach, with tight risk management.
💡 Follow Fuinvest for daily market insights & trade setups! 🚀📈
At the time of writing,
EURUSD is trading around 1.04040, facing bearish pressure after failing to sustain recent rebounds. Traders are closely monitoring upcoming economic releases and geopolitical developments, which may significantly impact market sentiment.📊 Technical Analysis: Price Action & Indicators
1. Daily Chart (D1) – Macro Trend Perspective
📉 Bearish Bias: The daily timeframe shows a clear downtrend, with a lower-high structure intact.
🔥 Key Resistance: 1.0500 – 1.0550 (strong supply zone where sellers have previously stepped in).
🏆 Key Support: 1.0350 – 1.0300 (psychological level and recent demand zone).
📊 Indicators:
RSI (Relative Strength Index): At 47.97, showing weak bullish momentum, but still below the neutral 50 level, suggesting continued downside risk.
MACD (Moving Average Convergence Divergence): Bearish crossover confirmed, with histogram showing increasing selling pressure.
Volume Analysis: Recent price drops were accompanied by increasing bearish volume, indicating strong seller participation.
2. 4H Chart (H4) – Medium-Term Trend
📉 Bearish Momentum: Price is forming a descending structure, with lower highs and lower lows.
🔄 RSI: Currently at 38.34, approaching oversold levels, indicating a possible short-term bounce before further decline.
📈 MACD: Bearish cross has occurred, but the histogram is starting to flatten, suggesting selling pressure might be slowing.
3. 1H Chart (H1) – Short-Term Outlook
⏳ Rebound or Further Drop? Price recently bounced from 1.0380, but rejection at 1.0420 suggests weak buying momentum.
📌 Support Levels to Watch: 1.0380 – 1.0350
🚀 Resistance Levels: 1.0420 – 1.0450
⚡ RSI Divergence? Short-term RSI is rising while price remains stagnant, indicating a potential short-term reversal before further decline.
🌍 Fundamental Analysis: Key Market Drivers
Eurozone Inflation Data (CPI) 🏦: Expected this week, which will shape ECB’s next policy move.
US Non-Farm Payrolls (NFP) 📊: A strong report could further strengthen the USD.
Geopolitical Uncertainty 🌎: Global risk sentiment favors the USD as a safe haven.
📈 Trading Strategy: Fuinvest’s Trade Setup
🔹 Scenario 1: Short Position (Bearish Bias)
Entry: Sell at 1.0420 – 1.0450
Stop Loss (SL): 1.0480 (Above recent highs)
Take Profit (TP): 1.0350 – 1.0320 (Key support zone)
Risk-Reward Ratio: 📉 1:3 (High probability trade setup)
🔹 Scenario 2: Reversal Trade (Short-Term Bullish Bounce)
Entry: Buy at 1.0350 – 1.0380
Stop Loss (SL): 1.0320 (Below major support)
Take Profit (TP): 1.0450 (Near-term resistance)
Risk-Reward Ratio: 📈 1:2 (Short-term retracement play)
🎯 Conclusion & Final Thoughts
📉 Bearish sentiment dominates, but a short-term rebound could occur before further declines.
🔥 Key economic data this week will be crucial in determining the next major move.
📌 Fuinvest recommends a cautious trading approach, with tight risk management.
💡 Follow Fuinvest for daily market insights & trade setups! 🚀📈
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.