📊 EURUSD Weekly Analysis Based on Main Key Levels

Current Market Price (DCMP)

The Current Market Price (DCMP) for EURUSD is 1.03090.

Key Levels

Resistance (Above DCMP)

🛑 Resistance 1: 1.04427

🛑 Resistance 2: 1.04575

🛑 Resistance 3: 1.04814

Support (Below DCMP)

✅ Support 1: 1.03949

✅ Support 2: 1.03801

✅ Support 3: 1.03562

Swing Levels

📈 Swing High: 1.06300

📉 Swing Low: 1.01372

Summary of Analysis

The current market price of 1.03090 indicates that key resistance levels above this price include 1.04427, 1.04575, and 1.04814. The support levels below this price are 1.03949, 1.03801, and 1.03562. The swing high stands at 1.06300, while the swing low is at 1.01372.

Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 1.02890

Stop Loss: ❌ 1.02310

Take Profit 1: 🎯 1.03949

Take Profit 2: 🎯 1.04188

Reason for Entry:

The price is approaching a key support level at 1.03949, presenting a favorable buying opportunity based on technical analysis.

📉 Intraday Sell Trade

Entry Price: ✨ 1.03562

Stop Loss: ❌ 1.03828

Take Profit 1: 🎯 1.04427

Take Profit 2: 🎯 1.04575

Reason for Entry:

Resistance at 1.04427 indicates a potential selling opportunity, with targets set below this level.

Conclusion

This analysis provides a concise overview of key levels and trade opportunities for EURUSD. By monitoring these levels, traders can make informed decisions in the current market environment. Happy trading! 🚀