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EURUSD Daily Market Analysis – 9th Oct 2024

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✳️ Intraday Signals by EURUSD  https://www.freevipforexgoldsignals.com

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🔹 Signal 1: Buy EURUSD

  • Entry: 1.09720

  • Stop Loss: 1.09450

  • Take Profit 1: 1.10030

  • Take Profit 2: 1.10250

🔹 Signal 2: Sell EURUSD

  • Entry: 1.10150

  • Stop Loss: 1.10400

  • Take Profit 1: 1.09800

  • Take Profit 2: 1.09620

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🔍 EURUSD Daily Market Analysis

In this detailed EURUSD analysis, we explore key technical indicators across daily and 4-hour timeframes, including:

Support & Resistance Levels

  • Daily Support Levels:

    • 1.09450

    • 1.09120

  • Daily Resistance Levels:

    • 1.10030

    • 1.10250

  • 4-hour Support Levels:

    • 1.09620

    • 1.09350

  • 4-hour Resistance Levels:

    • 1.09980

    • 1.10150

Fibonacci Retracement Levels

Using the daily swing from 1.10250 (high) to 1.09450 (low):

  • 38.2% Retracement: 1.09720 (Key pivot level for today’s intraday signals)

  • 50% Retracement: 1.09850

  • 61.8% Retracement: 1.10000

EMA (Exponential Moving Averages)

  • Daily Time Frame:

    • 50 EMA: 1.09500

    • 100 EMA: 1.09850

    • 200 EMA: 1.10500

    • 400 EMA: 1.11050

  • 4-hour Time Frame:

    • 50 EMA: 1.09650

    • 100 EMA: 1.09930

    • 200 EMA: 1.10100

    • 400 EMA: 1.10750

RSI Divergence

  • Daily RSI is around 58, showing mild bullish momentum.

  • No clear divergence on the daily timeframe, but RSI on 4-hour suggests a potential bearish reversal if price breaches 1.09980.

Order Blocks & Smart Money Concepts (SMC)

  • A significant bullish order block lies at 1.09450 on the daily chart, offering a potential buying opportunity.

  • SMC concepts suggest EURUSD is currently respecting key institutional levels, indicating possible bullish momentum toward 1.10030.

MACD Indicator

  • MACD on both daily and 4-hour charts is hovering near the zero line. A crossover may indicate a strong shift in momentum toward a bullish trend if the price holds above 1.09720.

EURUSD Daily Analysis Summary

EURUSD

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Key Levels:

  • Daily Support Levels: 1.09450, 1.09120

  • Daily Resistance Levels: 1.10030, 1.10250

  • 4-hour Support Levels: 1.09620, 1.09350

  • 4-hour Resistance Levels: 1.09980, 1.10150

EMA Levels:

  • Daily Time Frame: 50 EMA – 1.09500, 100 EMA – 1.09850, 200 EMA – 1.10500, 400 EMA – 1.11050

  • 4-hour Time Frame: 50 EMA – 1.09650, 100 EMA – 1.09930, 200 EMA – 1.10100, 400 EMA – 1.10750

Weekly Pivots:

  • Support 1: 1.09450

  • Pivot Point: 1.09720

  • Resistance 1: 1.10030

Daily Pivots:

  • Support 1: 1.09380

  • Pivot Point: 1.09700

  • Resistance 1: 1.10010

Fibonacci Retracement Levels:

  • 38.2% – 1.09720

  • 50% – 1.09850

  • 61.8% – 1.10000

📈 Fundamental Analysis

Keep an eye on upcoming US Dollar (USD) news events that could impact EURUSD price action:

  • FOMC Meeting Minutes – The Federal Reserve’s latest monetary policy stance will affect USD liquidity, possibly causing high volatility in EURUSD.

  • US Core CPI Data – If inflation rises, USD strength could push EURUSD lower, making this a key driver for the week.

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3.How can I join your free trading signal services? Sign up here: https://www.freevipforexgoldsignals.com/all-brokers-info-summary

What indicators do you use for signals?We use a combination of Fibonacci, EMA, RSI divergence, MACD, and order blocks.

4.What is the best time to trade EURUSD? The London session (8:00-16:00 GMT) is usually the most liquid and offers high volatility for EURUSD.

5.What is the difference between free and premium signals? Free signals are available on our Telegram Channel, while premium members get exclusive setups. Hashtags #GoldTrading #ForexTrading #GoldAnalysis #Kohinoorfreevipsignals #ForexSignals #VIPSignals #FreeSignals #XAUUSD #Analysis #Daily #Education


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