🚀 EURUSD Daily Analysis Based on Main Key Levels – 16th April 2025

Daily Current Market Price (DCMP): 🏷️ 1.13486

Price context: DCMP trades between critical supports (1.12644–1.12372) and below major resistances (1.13524–1.14647).

📊 Key Levels Breakdown

Resistance/Sell Zones (Above DCMP)

R1: 🚨 1.13524 (Immediate Resistance)

R2: ⚡ 1.13796 (Intraday Sell Trigger)

R3: 🔥 1.14647 (Weekly Resistance Ceiling)

Support/Buy Zones (Below DCMP)

S1: 🛡️ 1.12644 (Strong Daily Support)

S2: 🔄 1.12372 (Fibonacci 61.8% Anchor)

S3: 🛑 1.11932 (Swing Low Floor)

🔍 Technical Analysis Snapshot

Swing Levels:

Swing High (Daily/4H): 1.09548

Swing Low (Daily/4H): 1.07330

Fibonacci: 38.2% retracement aligns with 1.13084 (Daily Pivot).

RSI: Neutral at 52 (No divergence detected).

MACD: Bearish momentum fading on 4H chart.

💡 Intraday Trade Setups

Buy Trade Idea

Entry: 🟢 1.12384 (Weekly Support Retest)

Stop Loss: 🔴 1.11932 (-45.2 pips | Below S3)

Take Profit 1: 🟡 1.13084 (+70 pips | Pivot Exit)

Take Profit 2: 🟢 1.13796 (+141.2 pips | R2 Target)

Sell Trade Idea

Entry: 🔴 1.14647 (Weekly Resistance Break)

Stop Loss: 🟢 1.15200 (+55.3 pips | Above R3 Buffer)

Take Profit 1: 🟡 1.13524 (-112.3 pips | R1 Pullback)

Take Profit 2: 🔴 1.12644 (-200.3 pips | S1 Floor)

📉 Critical Technical Drivers

Price Action: Close above 1.13796 (R2) signals bullish reversal; break below 1.11932 (S3) invalidates buy setup.

MACD Convergence: Declining bearish histogram suggests weakening downside momentum.

Fibonacci Cluster: Key retracement levels (50% at 1.13084) align with pivot zones for confluence.