EURUSD 11th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 1.08476

Price Context: EURUSD trades above immediate support at 1.08120 and below resistance at 1.08952.

📊 Key Levels & Technical Snapshot

Resistance Levels (Above DCMP):

R3: 1.12044 🔴

R2: 1.10133

R1: 1.08952 🎯

Support Levels (Below DCMP):

S1: 1.08120 🎯

S2: 1.07956

S3: 1.07689

Swing High/Low:

Daily Swing High: 1.05144

Daily Swing Low: 1.03600

📈 Technical Analysis

1. Fibonacci Retracement:

Key retracement zones align with S1 (1.08120) and R1 (1.08952), suggesting reversal potential.

2. Momentum Indicators:

RSI: Neutral with bearish divergence near overbought zones.

MACD: Bearish crossover below the signal line, indicating short-term downside pressure.

🚀 Intraday Trade Setups

Trade Idea 1: Intraday Buy

Entry: 1.08120 🎯

Stop Loss: 1.07956 🛑

Take Profit 1: 1.08386 ✅

Take Profit 2: 1.08653 ✅

Rationale: Strong confluence at S1 (1.08120) with bullish MACD reversal signals.

Trade Idea 2: Intraday Sell

Entry: 1.08952 🎯

Stop Loss: 1.09083 🛑

Take Profit 1: 1.08653 ✅

Take Profit 2: 1.08386 ✅

Rationale: R1 (1.08952) aligns with weekly resistance and bearish RSI divergence.

⚠️ Risk Management Tips

Monitor price action near swing high (1.05144) and low (1.03600) for trend confirmation.

Adjust stop-loss levels if MACD shows reversal signals.

Conclusion

EURUSD remains range-bound between 1.08120–1.08952. Focus on intraday trades at tested support/resistance levels with strict risk controls. Watch for breaks beyond swing levels for trend shifts.