📈 EURUSD 4th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 1.03131

Current price trading between critical support (1.03015) and resistance (1.03447)

Key Technical Observations 🔍

Swing High/Low Alert 🚨

Significant swing high at 1.05333 (weekly resistance)

Major swing low at 1.01779 (critical support floor)

Critical Price Zones

Below DCMP Support:

🛡️ 1.03015 (BUY/Support2)

🛡️ 1.02478 (Daily Support1)

Above DCMP Resistance:

⛔ 1.03447 (SELL/Resistance1)

⛔ 1.03875 (Daily Resistance2)

Technical Dashboard 📊

Fibonacci Levels actively guiding price action

RSI shows neutral momentum (no clear divergence)

MACD histogram indicates weakening bearish pressure

Trade Setups 💼

Intraday Buy Opportunity 🟢

Entry: 🎯 1.03015 (Weekly BUY/Support2)

Stop Loss: 🚫 1.02315 (Below Weekly Support3)

Take Profit 1: 🏁 1.03447 (Immediate Resistance)

Take Profit 2: 🏁 1.03875 (Daily Resistance2)

Intraday Sell Opportunity 🔴

Entry: 🎯 1.03447 (Weekly SELL/Resistance1)

Stop Loss: 🚫 1.04148 (Above Pivot Level)

Take Profit 1: 🏁 1.03015 (Weekly Support2)

Take Profit 2: 🏁 1.02478 (Daily Support1)

Risk Management ⚠️

Maintain 1:2 risk-reward ratio minimum

Monitor US Dollar Index (DXY) for fundamental confirmation

Watch for ECB policy statements impacting Euro momentum

Price action currently respects weekly pivot (1.04148) as major barrier. Break above 1.03447 needed for bullish confirmation, while sustained trading below 1.03015 could trigger extended declines.

Chart Pattern Alert: Current price compression suggests imminent volatility expansion. Prepare for breakout trading opportunities aligned with key levels.