📊 EURUSD 17th March 2025 Daily Analysis: Strategic Trade Setups Based on Key Levels

Current Market Snapshot

Daily Current Market Price (DCMP): 1.08788

Key Levels at a Glance

Above DCMP (Resistance):

🛑 R3: 1.10192 (Weekly) | 1.09562 (Daily)

🎯 R2: 1.09649 (Weekly) | 1.09248 (Daily)

🚨 R1: 1.09314 (Weekly) | 1.09054 (Daily)

Below DCMP (Support):

🛑 S1: 1.08427 (Daily) | 1.08227 (Weekly)

🎯 S2: 1.08233 (Daily) | 1.07892 (Weekly)

🚨 S3: 1.07920 (Daily) | 1.07348 (Weekly)

Swing Levels (Daily/4H):

Swing High: 1.05144

Swing Low: 1.03600

Technical Analysis Breakdown

Pivot Levels:

Weekly Pivot: 1.08770

Daily Pivot: 1.08741

Fibonacci Retracement:

Pullbacks from Swing High (1.05144) to Swing Low (1.03600) suggest critical zones near 1.084–1.088 for reversals.

Momentum Indicators:

RSI: Neutral with bullish divergence on lower timeframes.

MACD: Histogram flattening, hinting at potential bullish crossover.

Intraday Trade Setups

Trade Idea 1: Intraday Buy

Entry Price: 1.08770 (Weekly Pivot) 📍

Stop Loss: 1.08427 (Below Daily S1) 🛑

Take Profit 1: 1.09054 (Daily R1) 🎯

Take Profit 2: 1.09248 (Daily R2) 🚀

Rationale: Price holding above the weekly pivot aligns with bullish MACD crossover and Fibonacci support.

Trade Idea 2: Intraday Sell

Entry Price: 1.09314 (Weekly R1) 📍

Stop Loss: 1.09562 (Daily R3) 🛑

Take Profit 1: 1.08741 (Daily Pivot) 🎯

Take Profit 2: 1.08427 (Daily S1) 🚀

Rationale: Resistance confluence at 1.093–1.095 zone paired with bearish RSI divergence.

Conclusion

EURUSD remains range-bound between 1.084–1.093, with pivots acting as critical reversal zones. Trade setups prioritize confluence of Fibonacci levels, pivot reactions, and momentum shifts. Tight risk management is advised due to mixed signals on higher timeframes.

📈 Pro Tip: Monitor 4H closing prices relative to pivots for trend confirmation!