💹 EURUSD 6th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP):

1.07994

Recent Swing High: 1.05144 | Recent Swing Low: 1.03600

🔑 Key Price Zones Relative to DCMP

🔻 Below DCMP (Support Cluster)

Immediate Support: 1.07295 | 1.06551

Critical Floor: 1.05905 (Confluence Zone)

Bearish Target: 1.05347 | 1.05144 (Swing High)

🔺 Above DCMP (Resistance Band)

Near-Term Resistance: 1.08039 | 1.08499

Breakout Threshold: 1.09243

🚨 Trade Setup

🔵 Intraday Buy Opportunity

Entry: 🟢 1.05905 (Key Support & Fib Confluence)

Stop Loss: 🔴 1.05347 (Below Swing Low)

Take Profit 1: 🎯 1.07295 (+1.390 pips)

Take Profit 2: 🚀 1.08039 (+2.134 pips)

Rationale:

Price retesting 1.05905 aligns with 61.8% Fibonacci retracement.

Bullish MACD crossover on 4H chart signals momentum shift.

📉 Technical Landscape

Fibonacci Levels: Price straddling 50% retracement (1.07295) with 1.05905 acting as 61.8% support.

RSI: Neutral at 52, but bullish divergence detected on 1H timeframe.

MACD: Histogram flipping positive near 1.05905, confirming buyer interest.

🎯 Strategic Insight

EURUSD remains range-bound between 1.05905–1.08039. A sustained break above 1.08499 could unlock bullish momentum toward 1.09243. Trim exposure at TP1 and trail stops for TP2.

⚡ Pro Tip: Monitor ECB speech schedules – hawkish rhetoric may amplify upward volatility!