U.S. Dollar / Euro forum
EURUSD a bit skeptical with the trend. I don't hold my positions for a longer period, just to be safe
EURUSD its sell position sell now
EURUSD Let's take a poll (that's what she said)What is the current trend?
Boost for uptrend.
Comment for downtrend.
EURUSD more up. I’m prolly done for the week was able to get 7.7R yesterday. Wouldn’t be surprised if we sweep these highs then continue overall bearish
EURUSD 📊 EURUSD 22nd January 2025 Daily Analysis Based on Main Key Levels
Current Market Overview
The current Daily Current Market Price (DCMP) for EURUSD is 1.04182. This analysis focuses on key resistance and support levels, along with actionable trade setups based on technical and fundamental analysis.
Key Levels Summary
Resistance Levels Above DCMP (1.04182)
🔺 Resistance 1: 1.04380
🔺 Resistance 2: 1.04601
🔺 Resistance 3: 1.04960
Support Levels Below DCMP (1.04182)
🟢 Support 1: 1.03662
🟢 Support 2: 1.03441
🟢 Support 3: 1.03082
Swing Levels
📊 Swing High: 1.04584
📊 Swing Low: 1.01779
Trade Setups
Intraday Buy Trade Setup
🔹 Entry Price: ✨ 1.03775
🔹 Stop Loss: ❌ 1.03600
🔹 Take Profit 1: 🎯 1.04000
🔹 Take Profit 2: 🎯 1.04150
Reason for Entry:
The support level at 1.03775 is below the DCMP, establishing a strong buying zone. This level aligns with Fibonacci retracement and technical support, indicating potential for upward movement.
Intraday Sell Trade Setup
🔹 Entry Price: ✨ 1.04451
🔹 Stop Loss: ❌ 1.04550
🔹 Take Profit 1: 🎯 1.04300
🔹 Take Profit 2: 🎯 1.04100
Reason for Entry:
The resistance level at 1.04451 is above the DCMP, indicating a strong selling zone. This level aligns with Fibonacci extension and technical resistance, suggesting potential for downward movement.
Analysis Summary
Resistance and Support Levels: Key levels derived from technical analysis indicate potential reversal zones. Resistance levels are identified at 1.04380, 1.04601, and 1.04960, while support levels are at 1.03662, 1.03441, and 1.03082.
Fibonacci Levels: Resistance and support zones highlight significant retracement and extension levels, providing potential entry points for trades.
RSI Divergence: RSI suggests potential overbought conditions at resistance levels and oversold conditions at support levels, confirming possible reversals.
MACD Crossing: MACD indicates bullish momentum at support levels and bearish momentum at resistance levels, providing additional confirmation for trade setups.
Conclusion
This analysis provides actionable trade setups and key levels to help traders make informed decisions in the EURUSD market. With the current market price at 1.04182, traders can utilize the outlined resistance and support levels, along with technical indicators, to execute trades confidently.
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