EUR/USD Trading Plan: Key Support, Resistance & Entry Points

The EUR/USD currency pair is one of the most traded pairs in the world and is often influenced by various factors, including economic indicators, geopolitical events, and monetary policies from the European Central Bank (ECB) and the Federal Reserve (Fed). As of March 10, 2025, the pair has been showing volatility due to recent economic data releases, interest rate expectations, and market sentiment.

Daily Chart Analysis:
• Trend: The daily trend shows a bullish outlook, with the EUR/USD maintaining above the 200-day moving average.
• Key Levels:
o Support: 1.0900
o Resistance: 1.1050
4-Hour Chart Analysis:
o Trend: The 4-hour chart indicates a recent bullish correction after a small pullback.
o Key Levels:
 Support: 1.0930)
 Resistance: 1.1040
1-Hour Chart Analysis:
o Trend: Short-term gauges a consolidation phase.
o Key Levels:
 Support: 1.0920
 Resistance: 1.0990
Key Support and Resistance Levels
• Support Levels:
o 1.0900: Strong psychological level and previous resistance.
o 1.0850: Fibonacci level that provides additional support.
• Resistance Levels:
o 1.1050: Recent swing high, seen as major resistance.
o 1.1100: Upper bound of the recent trading range.
Breakout Points
• A breakout above 1.1050 could signal further bullish momentum, targeting 1.1100 and potentially higher levels, depending on broader market conditions.
• A breakdown below 1.0900 would indicate bearish sentiment, possibly retesting lower support levels at 1.0850.
Trade Setup
Trade Idea
Bullish Setup: Buy EUR/USD
• Entry Point: 1.0955 (confirmation above key resistance on the 1-hour or 4-hour)
• Stop Loss: 1.0920 (below the recent support level)
• Take Profit: 1.1050 (targeting the established resistance)
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