🌎EURUSD Daily Analysis Based on Main Key Levels - [April 23, 2025]

Daily Current Market Price (DCMP): 1.13929

Market Position: Trading above critical support at 1.13612 and below immediate resistance at 1.14226

🔥 Key Technical Levels

Resistance Zones (Above DCMP)

🛑 1.14226 - Intraday sell trigger (Weekly R1)

🛑 1.14605 - Strong resistance (Weekly R2)

🛑 1.15219 - Major upside cap (Weekly R3)

Support Zones (Below DCMP)

🟢 1.13612 - Weekly pivot & price magnet

🟢 1.12998 - Next strong support (Weekly S1)

🟢 1.12619 - Trend-defending level (Weekly S2)

Swing Levels

↗️ Swing High: 1.14739 (Daily timeframe)

↙️ Swing Low: 1.07330 (Daily timeframe)

💎 Trade Setup Ideas

Intraday Buy Opportunity

• Entry: 1.13612 🎯

• Stop Loss: 1.12998 🚫

• Take Profit 1: 1.14226 ✅

• Take Profit 2: 1.14605 ✅

Rationale:

• Confluence of weekly pivot & 61.8% Fib retracement

• Bullish RSI divergence on 4H chart

Intraday Sell Opportunity

• Entry: 1.14226 🎯

• Stop Loss: 1.14605 🚫

• Take Profit 1: 1.13612 ✅

• Take Profit 2: 1.12998 ✅

Rationale:

• Resistance aligns with 78.6% Fib extension

• Bearish MACD crossover on daily chart

📊 Technical Landscape

• Fibonacci: 1.13612 marks 61.8% retracement of 1.07330-1.14739 swing

• RSI: Neutral at 48.5 with hidden bullish divergence on lower timeframes

• MACD: Histogram flipping negative at resistance zone

• Volume Profile: Thin trading at 1.13900-1.14200 range

🌐 Fundamental Backdrop

While technicals dominate intraday moves, watch for:

• ECB policy meeting minutes (23 April)

• US Durable Goods Orders data release

• EURUSD correlation with Brent crude prices