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EURUSD Daily Market Analysis 2nd Oct 2024 by Kohinoor Free VIP Signals

Kohinoor Free VIP Trading Signals

Updated: Oct 7, 2024

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https://www.freevipforexgoldsignals.com for FREE EURUSD Forex Live Trade Setups & Market Analysis.


Today’s EURUSD price is trading at 1.10577 USD, a level that offers excellent intraday trading opportunities. Let's dive into our technical analysis using key indicators like Fibonacci, EMA, RSI, and Smart Money Concepts to identify profitable trade setups for traders in Dubai, Singapore, India, Australia, Germany, and the Netherlands.


📊 Intraday Signals (EURUSD)

🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals

Buy Signal

  • Entry: 1.10400 USD

  • Stop Loss: 1.10100 USD

  • Take Profit 1: 1.10800 USD

  • Take Profit 2: 1.11000 USD


Sell Signal

  • Entry: 1.10850 USD

  • Stop Loss: 1.11200 USD

  • Take Profit 1: 1.10450 USD

  • Take Profit 2: 1.10200 USD


🔗 Visit https://www.freevipforexgoldsignals.com for more signals and in-depth analysis.


Disclaimer: Not financial advice. Trade at your own risk. Use proper risk management, take partial profits, and always set a stop loss.


🔍 EURUSD Market Overview

Key Support & Resistance Levels

  • Daily Support: 1.10200 USD

  • Daily Resistance: 1.11050 USD

  • 4-hour Support: 1.10400 USD

  • 4-hour Resistance: 1.10850 USD

The daily and 4-hour timeframes present strong levels at these points, providing excellent buying and selling opportunities for intraday traders.


Fibonacci Retracement Levels

  • Daily Swing High: 1.11500 USD

  • Daily Swing Low: 1.09850 USD

  • Key retracement levels to watch are:

    • 38.2%: 1.10600 USD

    • 50%: 1.10690 USD

    • 61.8%: 1.10800 USD

These Fibonacci levels act as potential reversal points, aligning with order block structures visible on the chart.


Exponential Moving Averages (EMA)

Daily EMAs:

  • 50 EMA: 1.10700 USD

  • 100 EMA: 1.10500 USD

  • 200 EMA: 1.10250 USD

  • 400 EMA: 1.09800 USD


4-Hour EMAs:

  • 50 EMA: 1.10550 USD

  • 100 EMA: 1.10400 USD

  • 200 EMA: 1.10150 USD

  • 400 EMA: 1.09900 USD


RSI Divergence

  • The RSI on the daily timeframe shows a bullish divergence, suggesting possible upward movement, which could push the price above the current resistance of 1.11050 USD.


MACD Analysis

  • The MACD on both daily and 4-hour charts shows increasing momentum on the bullish side, indicating the potential for the EURUSD to rally further during the day.


Smart Money Concepts (SMC)

  • A bullish order block formed near the 1.10400 USD mark, aligning with daily Fibonacci support, suggesting a likely zone for institutional buy orders.


📅 Upcoming USD News Events Impacting EURUSD

  • Non-farm Payrolls (Friday, 6th Oct 2024) – Expected volatility in the market, especially for USD-related pairs like EURUSD. This report could push the pair into new highs or lows depending on the release.


  • FOMC Meeting Minutes (Wednesday, 9th Oct 2024) – Likely to affect the dollar's strength, creating further trading opportunities.


💡 Daily Analysis Summary by Kohinoor Free VIP Signals


Key Levels Summary

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  • Daily Support: 1.10200 USD

  • Daily Resistance: 1.11050 USD

  • 4-hour Support: 1.10400 USD

  • 4-hour Resistance: 1.10850 USD

  • EMA (Daily): 50 EMA (1.10700 USD), 100 EMA (1.10500 USD), 200 EMA (1.10250 USD), 400 EMA (1.09800 USD)

  • EMA (4-hour): 50 EMA (1.10550 USD), 100 EMA (1.10400 USD), 200 EMA (1.10150 USD), 400 EMA (1.09900 USD)

  • Fibonacci Levels: 38.2% (1.10600 USD), 50% (1.10690 USD), 61.8% (1.10800 USD)

  • Weekly Pivots: 1.10450 USD, 1.10680 USD, 1.10900 USD

  • Daily Pivots: 1.10520 USD, 1.10700 USD, 1.10950 USD


📑 FAQs


1.Why is Kohinoor Free VIP Signals the best signal provider? Kohinoor Free VIP Signals offers not only FREE signals but also educational resources, daily market analysis, and Free EURUSD Forex Trading Ebooks to help traders improve their knowledge.


2.Which brokers are trusted for EURUSD Forex Crypto trading?

We recommend trusted brokers based on client feedback:


3.What are the benefits of using FREE trading signals? Free signals provide valuable insights without any upfront cost, helping new traders learn market movements.

4.How can I get daily EURUSD signals? Join our FREE Telegram Channel and subscribe to receive daily updates.


5.Can I use EURUSD signals for swing trading?

Yes, our signals are suitable for both intraday and swing traders, with specific targets and stop loss recommendations.


6.Is EURUSD trading profitable?

With proper analysis, like the one provided in our educational articles, traders can identify profitable opportunities.


7.What timeframes are ideal for trading EURUSD?

Daily and 4-hour timeframes provide excellent signals, especially when combined with technical indicators like Fibonacci and EMA


8.Why is EURUSD a popular pair among forex traders?

EURUSD is a major currency pair with high liquidity, making it a favorite for both beginners and experienced traders.


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