🌍📅 EURUSD Daily Analysis Based on Main Key Levels – 24 April 2025

Daily Current Market Price (DCMP): 💹 1.13398

🎯 Key Price Levels

Above DCMP (Resistance)

🔴 R3: 1.15219 (Weekly) / 1.14865 (Daily)

🔴 R2: 1.14605 (Weekly) / 1.14360 (Daily)

🔴 R1: 1.14226 (Weekly) / 1.14049 (Daily)

Below DCMP (Support)

🟢 S1: 1.12998 (Weekly) / 1.13039 (Daily)

🟢 S2: 1.12619 (Weekly) / 1.12728 (Daily)

🟢 S3: 1.12005 (Weekly) / 1.12223 (Daily)

Swing Levels (Daily/4H):

🔼 Swing High: 1.14739 | 🔽 Swing Low: 1.07330

📊 Technical Indicators

• RSI: Neutral on daily charts, slight bearish divergence on 4H.

• MACD: Flatlining near zero line, suggesting consolidation.

• Price Action: Trading between 1.1300-1.1400 zone since last week.

💡 Intraday Trade Setups

Trade Idea 1: Intraday Buy

• Entry: 🎯 1.12998 (Weekly S1 Support)

• Stop Loss: 🚫 1.12619 (Below S2)

• Take Profit 1: ✅ 1.13544 (Daily Pivot)

• Take Profit 2: ✅ 1.14049 (Daily R1)

Rationale:

Bounce from weekly S1 aligns with 61.8% Fib retracement (1.1300-1.1350 zone).

Trade Idea 2: Intraday Sell

• Entry:🎯1.13612 (Weekly Pivot Resistance)

• Stop Loss: 🚫 1.14049 (Above Daily R1)

• Take Profit 1: ✅ 1.13039 (Daily S1)

• Take Profit 2: ✅ 1.12619 (Weekly S2)

Rationale:

Rejection at weekly pivot (1.13612) coincides with bearish RSI divergence on 4H charts.

📉 Fibonacci Levels (4H Timeframe)

• Key Retracement: 50% level at 1.13250 acts as immediate support.

• Extension Target: 1.14250 (127% level) if bullish momentum resumes.

⚠️ Risk Management Tips

• Tighten stops if price breaks 1.1400/1.1300 psychological levels.

• Monitor ECB speech for EUR volatility triggers.

• Use trailing stops after TP1 is hit.