🌍 EURUSD 13th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 1.08840

Critical Price Zones

Above DCMP (Resistance):

Immediate Resistance: 1.09200

Major Resistance: 1.09550 🚩

Swing High: 1.05144

Below DCMP (Support):

Immediate Support: 1.08769

Major Support: 1.08420 🚩

Swing Low: 1.03600

Technical Analysis Snapshot 📉

Fibonacci Levels:

61.8% retracement aligns with resistance at 1.09550; 38.2% level supports at 1.08420.

RSI Divergence:

RSI (58) shows weakening bullish momentum near resistance.

MACD Crossover:

Bearish crossover forming below the signal line, suggesting short-term downside bias.

Intraday Trade Setups 💹

Trade Idea 1: Intraday Buy

Entry: 1.07040 📍

Stop Loss: 1.05129 🔴

Take Profit 1: 1.08420 🟢

Take Profit 2: 1.08769 🟢

Rationale: Strong confluence at weekly pivot (1.07040) with Fib support at 1.08420.

Trade Idea 2: Intraday Sell

Entry: 1.08952 📍

Stop Loss: 1.09550 🔴

Take Profit 1: 1.08420 🟢

Take Profit 2: 1.08000 🟢

Rationale: Resistance cluster at 1.08952-1.09550 aligns with bearish MACD confirmation.

Strategic Outlook 🔭

EURUSD hovers near DCMP (1.08840) with a bearish tilt. Key action zones:

Bullish Scenario: Hold above 1.08769 to target 1.09200.

Bearish Scenario: Breakdown below 1.08420 opens path to 1.08000.

⚠️ Risk Note: Tight stops recommended amid mixed technical signals.