Trade Setup: 1.04145 Stop Loss: 1.04000 Take Profit 1: 1.04250 Take Profit 2: 1.04350
Reason for Entry The entry at 1.04145 aligns with strong daily support levels and a Fibonacci retracement zone, indicating a favorable buying opportunity.
Sell Intraday Trade Setup
Trade Setup: 1.04388 Stop Loss: 1.04450 Take Profit 1: 1.04300 Take Profit 2: 1.04200
Reason for Entry The entry at 1.04388 coincides with strong daily resistance levels and a Fibonacci extension, suggesting a potential selling opportunity.
Summary of Analysis The EURUSD market is currently positioned at 1.04016. Key resistance levels above this price include 1.05087, 1.05539, and 1.06270. The support levels below this price are 1.03625, 1.03173, and 1.02442. The swing high is at 1.06300, and the swing low is at 1.03439.
Suggested Trades
πΌ Intraday Buy Trade
Entry Price: β¨ 1.03625 Stop Loss: β 1.03500 Take Profit 1: π― 1.03800 Take Profit 2: π― 1.04000
π Reason for Entry
The price is approaching a key support level at 1.03625, indicating a favorable buying opportunity based on technical analysis.
πΌ Intraday Sell Trade
Entry Price: β¨ 1.04356 Stop Loss: β 1.04500 Take Profit 1: π― 1.04100 Take Profit 2: π― 1.04000
π Reason for Entry
Resistance at 1.04356 suggests a potential selling opportunity, with targets set below this level.
π‘ Conclusion This analysis provides a concise overview of key levels and trade opportunities for EURUSD. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!
π Reason for Entry: EURUSD is approaching a solid support level at 1.03755, providing a good entry point for a potential upside move. The first target is 1.04294, followed by 1.04628 (Resistance 1). The Stop Loss is placed at 1.03315.
π Reason for Entry: EURUSD is approaching Resistance 1 at 1.04628, making it a suitable level to enter a sell trade. The Stop Loss is placed at 1.05167, with targets at 1.04294 and 1.04064.
π‘ Summary EURUSD is trading at 1.04294.
Resistance Levels: 1.05706, 1.06040, 1.06579 Support Levels: 1.03755, 1.04294
Swing High: 1.06300 Swing Low: 1.03439
Intraday Buy: Enter at 1.03755, targets 1.04294 and 1.04628. Intraday Sell: Enter at 1.04628, targets 1.04294 and 1.04064.
π Reason for Entry: Strong support at 1.04806 aligns with daily Fibonacci retracement levels, suggesting potential bullish momentum. This setup aims for upward movement towards 1.05050 and 1.05200.
π Reason for Entry: 1.05017 serves as resistance, supported by daily resistance levels. A sell setup at this level anticipates a move lower, targeting 1.04800 and 1.04500.
π‘ Summary
EURUSD is encountering key levels with support at 1.04806 and resistance at 1.05017. The Buy Setup at 1.04806 targets 1.05050 and 1.05200, while the Sell Setup at 1.05017 looks for targets of 1.04800 and 1.04500. These setups are based on a precise analysis of daily Fibonacci retracement levels and strong support/resistance zones.
π Reason for Entry: Strong support at 1.04806 indicates bullish potential, targeting the resistance level at 1.05000 and the pivot level at 1.05151.
π Reason for Entry: Resistance at 1.05017 suggests a bearish outlook, aiming for targets at 1.04900 and the pivot level at 1.04800.
π‘ Summary
EURUSD is currently trading at 1.04998. Key resistance levels are at 1.05017, 1.05690, and 1.06023, while support levels are at 1.04806, 1.04611, and 1.04278. The swing high is at 1.06293 and the swing low at 1.03314. An intraday buy trade is recommended at 1.04806, targeting 1.05000 and 1.05151, while an intraday sell trade is suggested at 1.05017, aiming for 1.04900 and 1.04800.
π Reason for Entry: Resistance at 1.04871 aligns with Fibonacci retracement levels, indicating a potential bearish reversal towards 1.04750 and 1.04615.
π‘ Summary EURUSD is trading near support at 1.04615 and resistance at 1.04871. The buy setup anticipates a bounce from support, while the sell setup expects a reversal from resistance.