🎯 EURUSD 31st January 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 1.03874

Below DCMP = Support | Above DCMP = Resistance

📊 Key Levels Summary

Resistance Levels Above DCMP (1.03874):

🛑 R1: 1.04466 | R2: 1.04659 | R3: 1.04970

Support Levels Below DCMP (1.03874):

🛑 S1: 1.03303 | S2: 1.02701 | S3: 1.01726

Swing High: 1.04584 | Swing Low: 1.01779

📈 Technical Analysis

Pivot Levels: Weekly Pivot at 1.04277 (Sell Zone) | Daily Pivot at 1.04154 (Neutral).

Fibonacci Levels: Price consolidating between 61.8% retracement (1.03303) and 38.2% extension (1.04277).

RSI: Neutral at 48, hinting at potential momentum shift near key pivots.

MACD: Flatline near zero, indicating indecision; watch for bullish/bearish crossover.

💡 Trade Setups

1️⃣ Intraday Buy Trade

Entry Price: 🟢 1.03303 (Weekly Support

Stop Loss: 🔴 1.02701 (Below S2)

Take Profit 1: 🟡 1.03843 (Daily S1)

Take Profit 2: 🟡 1.04154 (Daily Pivot)

Rationale: Strong confluence at 1.03303 (Weekly S1 + Fib 61.8%). MACD bullish crossover potential.

2️⃣ Intraday Sell Trade

Entry Price: 🔴 1.04277 (Weekly Pivot Resistance)

Stop Loss: 🟢 1.04659 (Above R2)

Take Profit 1: 🟡 1.03874 (DCMP)

Take Profit 2: 🟡 1.03303 (Weekly S1)

Rationale: Rejection at 1.04277 aligns with RSI bearish divergence. Swing high at 1.04584 adds resistance.

📉 Price Action Outlook

Bullish Scenario: Break above 1.04277 could target 1.04659 (R2).

Bearish Scenario: Drop below 1.03303 may retest 1.02701 (S2).

Final Note: Trade setups prioritize weekly pivots with tight risk-reward ratios. Monitor ECB/USD newsflow for fundamental triggers! 💹