📈 EURUSD 20th March 2025 Daily Analysis Based on Main Key Levels

The Daily Current Market Price (DCMP) for EURUSD stands at 1.08950. Below and above this level, we identify critical support and resistance zones that will guide our intraday trading strategy. Here’s a crisp and accurate analysis of the key levels and trade setups.

Key Levels Summary 🎯

Below DCMP (1.08950): Support Levels

BUY/Support1: 1.08703

BUY/Support2: 1.08501

BUY/Support3: 1.08174

Above DCMP (1.08950): Resistance Levels

SELL/Resistance1: 1.09357

SELL/Resistance2: 1.09559

SELL/Resistance3: 1.09886

Pivot Levels

Daily Pivot: 1.09030

Weekly Pivot: 1.08770

Swing High & Low

Swing High (Daily): 1.08226

Swing Low (Daily): 1.05144

Technical Indicators 📊

RSI Divergence: Neutral, indicating no clear overbought or oversold conditions.

MACD Crossing: Slight bearish crossover, suggesting potential short-term downward pressure.

Fibonacci Levels: Key retracement levels align with support and resistance zones, reinforcing their significance.

Trade Setups 💡

Intraday Buy Trade Setup

Entry Price: 🎯 1.08770

Stop Loss: 🛑 1.08600

Take Profit 1: 🎯 1.08950

Take Profit 2: 🎯 1.09100

Rationale: The price is near the BUY/Support1 level (1.08703), which aligns with the weekly pivot (1.08770). This setup offers a favorable risk-reward ratio.

Intraday Sell Trade Setup

Entry Price: 🎯 1.09314

Stop Loss: 🛑 1.09500

Take Profit 1: 🎯 1.09100

Take Profit 2: 🎯 1.08950

Rationale: The price is near the SELL/Resistance1 level (1.09357), which acts as a strong resistance zone. This setup capitalizes on potential downward momentum.

Conclusion 🏁

EURUSD’s current price action is consolidating around key levels, offering clear intraday trading opportunities. The Intraday Buy setup at 1.08770 and the Intraday Sell setup at 1.09314 are both well-defined with tight stop losses and achievable take profit targets. Always monitor price action and adjust strategies accordingly.