EUR/USD_SPT - EUR/USD forum
EURUSD 📊 EURUSD 10th January 2025 Daily Analysis Based on Main Key Levels
In the fast-paced trading environment, understanding key levels is crucial for making informed decisions. This analysis focuses on EURUSD, emphasizing resistance and support levels, trade setups, and relevant technical indicators.
📊 Current Market Overview
Daily Current Market Price (DCMP): 1.02964
🔍 Summary of Key Levels
Resistance Levels (above DCMP):
🔴 Resistance 1: 1.03162
🔴 Resistance 2: 1.03252
🔴 Resistance 3: 1.03397
Support Levels (below DCMP):
🟢 Support 1: 1.02410
🟢 Support 2: 1.02782
🟢 Support 3: 1.02637
🔍 Swing Levels
Swing High: 1.04584
Swing Low: 1.02241
Technical Analysis
The current market price at 1.02964 is positioned between significant resistance and support levels. Key levels above the DCMP serve as resistance, while those below act as support. Utilizing Fibonacci retracement and extension levels can help identify potential reversal points.
Daily Support and Resistance Levels
Resistance Levels: 1.03162, 1.03252, 1.03397
Support Levels: 1.02410, 1.02782, 1.02637
Trade Setups
Intraday Buy Trade Setup
📍 Entry Price: 1.02410
🛡️ Stop Loss: 1.02240
🎯 Take Profit 1: 1.02782
💰 Take Profit 2: 1.02872
This setup targets the support level, indicating a potential upward movement based on the current market structure.
Intraday Sell Trade Setup
📍 Entry Price: 1.03305
🛡️ Stop Loss: 1.03450
🎯 Take Profit 1: 1.03162
💰 Take Profit 2: 1.03252
This setup focuses on the resistance level at 1.03305, suggesting a potential downward movement.
Additional Technical Insights
Fibonacci Levels: Key Fibonacci retracement and extension levels align closely with resistance and support zones, providing additional validation for trade setups.
RSI Divergence: Monitoring RSI divergence is essential for identifying overbought or oversold conditions, aiding in timing entries and exits.
MACD Crossing: A MACD crossover could signal potential momentum shifts, reinforcing the trade ideas presented.
Conclusion
Understanding key levels and market structure is vital for effective trading in EURUSD. The outlined trade setups provide structured opportunities based on technical analysis, empowering traders to make informed decisions. By integrating these insights into your trading strategy, you can navigate the market with confidence.
EURUSD update......first try...
EURUSD Trading is more about psychology than entry, That's why I'm sharing more of this than that.I recommend Tony Robbins for good psychology.
EURUSD i cannot See this Structure Bearish
i think The Price Will Go From Here To Somewhere near 1.053
EURUSD Good morning traders!
GOLD "Effective trading strategies always focus on minimizing risks. Never invest your entire capital at once; always limit your risk to a small portion. Use tools like stop-loss and take-profit to manage losses and secure profits. Remember, successful trading requires patience—don’t expect big wins instantly." 
BTCUSDT BTCUSD 
USDJPY EURUSDEURUSD This is the EUR/USD 1-hour chart:1. Current Price: 1.02993.
2. Support: Purple zone near 1.02800.
3. Resistance: Red zone near 1.03507.
4. Projection: Price may rise toward 1.03507. tradingview.com/x/AZVdZWjl
EURUSD Olivia-Grace are you also PIPSFIGHTER?EURUSD RobertTMFX I'm waiting impatiently for that mini lesson...