🏆 EURUSD 29th January 2025 Daily Analysis Based on Main Key Levels 🏆

Daily Current Market Price (DCMP): 1.04376

Key Levels Relative to DCMP:

Resistances (Above 1.04376): 1.04768 (R1), 1.04957 (R2), 1.05264 (R3)

Supports (Below 1.04376): 1.04462 (Intermediate Level), 1.04155 (S1), 1.03966 (S2)

Swing High: 1.04584 | Swing Low: 1.01779

📊 Technical Analysis Overview

Key Support/Resistance Levels:

Critical Support: 1.04277 aligns with Fibonacci retracement.

Overhead Resistance: 1.05252 near Fib extension zone.

Fibonacci Levels: Confluence at 1.04155–1.03966 (support) and 1.04768–1.05264 (resistance).

RSI: Neutral, no clear divergence.

MACD: Flat momentum, awaiting directional bias.

💡 Intraday Trade Setups

🟢 Intraday Buy Trade

Entry Price: 1.04277 (Critical Support) 🎯

Stop Loss: 1.03966 (Below S2) ⛔

Take Profit 1: 1.04462 (Intermediate Level) ✅

Take Profit 2: 1.04768 (R1) ✅

Rationale: Strong support confluence at 1.04277 (Fib + key level).

🔴 Intraday Sell Trade

Entry Price: 1.05252 (Major Resistance) 🎯

Stop Loss: 1.05854 (Above R2) ⛔

Take Profit 1: 1.04957 (R2) ✅

Take Profit 2: 1.04768 (R1) ✅

Rationale: Resistance at 1.05252 aligns with bearish price rejection.

🔑 Risk Management Tips

Adjust stops if price closes beyond intermediate levels.

Lock partial profits near Fib extensions (e.g., 1.04768).

📉 Critical Price Triggers

Break Below 1.04277: Targets 1.03966–1.03660 (lower supports).

Break Above 1.05252: Opens path to 1.05854–1.06828 (higher resistances).