📊 EURUSD 16th January 2025 Daily Analysis Based on Main Key Levels

EURUSD is trading at a Daily Current Market Price (DCMP) of 1.02879. This comprehensive analysis highlights critical support and resistance levels, Fibonacci retracement and extension points, RSI divergence, and MACD crossing to help traders plan their trades. Below are detailed intraday trade setups for both buying and selling opportunities.

Intraday Trade Setups

💼 Intraday Buy Trade Setup

🔹 Entry Price: ✨ 1.02124

🔹 Stop Loss: ❌ 1.01594

🔹 Take Profit 1: 🎯 1.02643

🔹 Take Profit 2: 🎯 1.02879

📌 Reason for Entry:

The support level at 1.02124 is below the DCMP, making it a strong buying zone. This level aligns with Fibonacci retracement and pivot support. RSI divergence indicates oversold conditions, while MACD suggests potential bullish momentum.

💼 Intraday Sell Trade Setup

🔹 Entry Price: ✨ 1.02980

🔹 Stop Loss: ❌ 1.03380

🔹 Take Profit 1: 🎯 1.03012

🔹 Take Profit 2: 🎯 1.02643

📌 Reason for Entry:

The resistance level at 1.02980 is above the DCMP, indicating a strong selling zone. This level aligns with Fibonacci extension and pivot resistance. RSI shows overbought conditions at this level, and MACD confirms a potential bearish reversal.

Key Levels Summary

Resistance Levels Above DCMP (1.02879):

🔺 Resistance 1: 1.02980

🔺 Resistance 2: 1.03380

🔺 Resistance 3: 1.03608

Support Levels Below DCMP (1.02879):

🟢 Support 1: 1.02643

🟢 Support 2: 1.02124

🟢 Support 3: 1.01594

Swing Levels

📊 Swing High: 1.04584

📊 Swing Low: 1.01779

Analysis Summary

Fibonacci Levels: Resistance and support zones are derived from Fibonacci retracement and extension levels, highlighting potential reversal points.

RSI Divergence: RSI signals overbought conditions at resistance levels and oversold conditions at support levels, confirming possible reversals.

MACD Crossing: MACD indicates bullish momentum at support levels and bearish momentum at resistance levels, providing additional confirmation for trade setups.

Conclusion

This EURUSD daily analysis provides precise intraday trade setups and key levels to help traders make informed decisions. With the current market price at 1.02879, traders can utilize the outlined support and resistance levels, along with technical indicators, to execute trades with confidence.