📊 EURUSD 28th January 2025 Daily Analysis Based on Main Key Levels

Current Market Overview

The current Daily Current Market Price (DCMP) for EURUSD is 1.04342. This analysis highlights key resistance and support levels, along with actionable trade setups based on technical and fundamental analysis.

Key Levels Summary

Resistance Levels Above DCMP (1.04342)

🔺 Resistance 1: 1.05252

🔺 Resistance 2: 1.05854

🔺 Resistance 3: 1.06828

Support Levels Below DCMP (1.04342)

🟢 Support 1: 1.04277

🟢 Support 2: 1.03303

🟢 Support 3: 1.02701

Swing Levels

📊 Swing High: 1.04584

📊 Swing Low: 1.01779

Trade Setups

💼 Intraday Buy Trade Setup

Entry Price: ✨ 1.04277

Stop Loss: ❌ 1.04100

Take Profit 1: 🎯 1.04500

Take Profit 2: 🎯 1.04650

Reason for Entry:

The support level at 1.04277 is below the DCMP, establishing a strong buying zone. This level aligns with significant technical support, indicating potential for upward movement.

💼 Intraday Sell Trade Setup

Entry Price: ✨ 1.05252

Stop Loss: ❌ 1.05400

Take Profit 1: 🎯 1.05000

Take Profit 2: 🎯 1.04800

Reason for Entry:

The resistance level at 1.05252 is above the DCMP, indicating a strong selling zone. This level coincides with key technical resistance, suggesting potential for downward movement.

Analysis Summary

Resistance and Support Levels: Key levels derived from technical analysis indicate potential reversal zones. Resistance levels are at 1.05252, 1.05854, and 1.06828, while support levels are at 1.04277, 1.03303, and 1.02701.

Pivot Levels: The identified pivot level is 1.04277, serving as a critical point for potential price reversals.

Fibonacci Levels: Significant retracement and extension levels provide potential entry points for trades, particularly around the identified support and resistance zones.

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

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

Conclusion

This analysis provides actionable trade setups and key levels to assist traders in making informed decisions in the EURUSD market. With the current market price at 1.04342, traders can utilize the outlined resistance and support levels, along with technical indicators, to execute trades confidently.