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Intraday Signals (EURUSD)
Entry: 1.11550 USD
Target: 1.12050 USD
Stop Loss: 1.11350 USD
Sell Signal:
Entry: 1.11750 USD
Target: 1.11250 USD
Stop Loss: 1.11950 USD
Market Analysis:
As of today, the EURUSD is trading around 1.11681 USD. Analyzing the current market with a combination of technical indicators such as Fibonacci retracement, EMA (Exponential Moving Averages), RSI divergence, weekly pivots, and SMC concepts, we gain insight into the intraday and medium-term trends.
Fibonacci retracement:
Starting with the Fibonacci retracement, the key levels to watch are the 38.2% retracement level at 1.11500 and the 61.8% level near 1.12000, marking critical areas of support and resistance. A break below 1.11500 would open the doors for more bearish momentum, while a close above 1.12000 could signal a bullish reversal.
The 50-period EMA on the 4-hour chart suggests that the pair is currently in a consolidation phase. However, the 100-period EMA, acting as a stronger resistance, is observed around 1.12000, reinforcing the upper Fibonacci level. Should the EURUSD rise to test this area, it could face stiff resistance. Meanwhile, the 200-period EMA lies at 1.11200, which could serve as a support in case of further declines.
RSI divergence:
RSI divergence is also signaling caution, with the RSI near 45, indicating slight bearish pressure. The divergence between price and the RSI, where the price is forming higher lows while the RSI is creating lower highs, could suggest an impending correction.
Using Smart Money Concepts (SMC), we see a possible liquidity grab near 1.11550, where institutional traders might enter positions. This area has shown strong buying interest over the past few sessions, making it a key support level.
weekly pivot point:
The weekly pivot point stands at 1.11780, serving as a resistance for the current price action. If EURUSD breaks above this pivot, we could see a move towards the R1 pivot at 1.12150. Conversely, if the price fails to sustain above 1.11780, it could head towards the S1 support level at 1.11350.
In the daily timeframe, the 400-period EMA at 1.12300 is the major resistance that needs to be cleared for a sustained bullish trend. If this level is breached, traders could anticipate a medium-term rally.
Key Levels
Support Levels:
1.11500 (38.2% Fibonacci Retracement)
1.11350 (S1 Pivot)
1.11200 (200 EMA)
Resistance Levels:
1.11780 (Weekly Pivot)
1.12000 (61.8% Fibonacci Retracement/100 EMA)
1.12300 (400 EMA)
Fibonacci Levels:
38.2%: 1.11500
50%: 1.11850
61.8%: 1.12000
EMA Levels:
100 EMA: 1.12000
200 EMA: 1.11200
400 EMA: 1.12300
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