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Based on the current market price of 1.09368 USD for EURUSD
Intraday Trading Signals (EURUSD)
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🔸 Signal 1 - Buy EURUSD
Entry: 1.09250
Stop Loss: 1.09000
Take Profit 1: 1.09550
Take Profit 2: 1.09800 📌 Rationale: Strong support around 1.09250 with EMA 50 crossing support and bullish RSI divergence.
🔸 Signal 2 - Sell EURUSD
Entry: 1.09600
Stop Loss: 1.09900
Take Profit 1: 1.09300
Take Profit 2: 1.09050
📌 Rationale: Resistance level near 1.09600 with potential pullback due to overbought RSI on the 4-hour chart and confluence with daily pivot.
Risk Warning:Trading Forex and CFDs carries a high level of risk to your capital, and you should only trade with money you can afford to lose. Trading may not be suitable for all investors. Please ensure you understand the risks involved and seek independent advice if necessary. Not Financial Advice. Trade at your own risk.
Market Analysis EURUSD Technical Overview:
Daily Support and Resistance Levels:
Support 1: 1.09000
Support 2: 1.08500
Resistance 1: 1.09750
Resistance 2: 1.10200
Fibonacci Retracement Levels (Daily Swing):
50% Retracement: 1.09500
61.8% Retracement: 1.09800
Exponential Moving Averages (EMA):
Daily Timeframe:
EMA 50: 1.09280
EMA 100: 1.08950
EMA 200: 1.08530
EMA 400: 1.07850
4-Hour Timeframe:
EMA 50: 1.09400
EMA 100: 1.09100
EMA 200: 1.08800
EMA 400: 1.08200
RSI Divergence:The RSI on the 4-hour chart shows a divergence at 1.09200, indicating potential bullish momentum.
Order Blocks:
Significant bullish order block observed near 1.09000 on the 4-hour chart, suggesting strong buy interest.
MACD:
The MACD histogram on the daily chart is showing bullish crossover, indicating possible upward momentum continuation in the short term.
Weekly and Daily Pivots:
Weekly Pivots:
Pivot 1: 1.09400
Pivot 2: 1.09850
Pivot 3: 1.10250
Daily Pivots:
Pivot 1: 1.09200
Pivot 2: 1.09650
Pivot 3: 1.09900
Fundamental Analysis:
This week, upcoming US CPI data and FOMC minutes are likely to impact the EURUSD pair, particularly as traders expect a possible shift in Federal Reserve policy. A higher-than-expected inflation print could strengthen the USD, leading to downward pressure on EURUSD. Additionally, ongoing geopolitical concerns in Europe could further impact the Euro’s stability.
💡Daily Analysis Summary https://www.freevipforexgoldsignals.com
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Key Daily Levels: Support: 1.09000 | Resistance: 1.09750
EMA Levels: 50 EMA at 1.09280 | 100 EMA at 1.08950
Fibonacci: 50% at 1.09500 | 61.8% at 1.09800
Upcoming News: US CPI Data and FOMC Minutes
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2.Which brokers are trusted for Gold Forex Crypto trading? Based on client feedback, the following brokers are highly recommended:
3.What is the best time to trade EURUSD?
The London and New York sessions are considered the best time for high liquidity and volatility in EURUSD.
4.What are the best indicators for EURUSD intraday trading?
Common indicators include Fibonacci retracement, EMA, RSI, and MACD.
5.Can beginners trade EURUSD profitably?
With the right education, risk management, and analysis, beginners can trade EURUSD profitably over time.
6.Why use Fibonacci in EURUSD trading?
Fibonacci retracement levels help identify potential reversal points, making them highly effective for EURUSD trading.
7.Is EURUSD affected by geopolitical events?
Yes, geopolitical tensions in Europe and the US can significantly impact the EURUSD pair.
8.What are the risks in EURUSD trading?
The primary risks include market volatility, geopolitical tensions, and US economic data releases.
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