EURUSD 16151 touch this levelEuro / U.S. Dollar forum
๏ปฟEURUSD 16151 touch this level
EURUSD 1.13 may be
EURUSD likely to go 1.14041
EURUSD Intraday strategy.....EURUSD.....1.1362 to 1.1280 1.1270 1.1250......EU....in next few hours....
EURUSD *2/2 Fundamental Analysis*
Upcoming USD Catalysts
May 8 - Fed Chair Powell Speech (18:00 GMT)
Market will scrutinize for hints about June rate decision
Hawkish tone could strengthen USD, testing EURUSD supports
May 9 - Non-Farm Payrolls (NFP) (12:30 GMT)
Consensus forecast: +185K jobs
Wage growth component crucial for inflation expectations
Strong data may push EURUSD toward 1.12658 swing low
May 12 - US CPI Inflation Data (12:30 GMT)
Core CPI expected at 3.4% YoY
Hot print could revive Fed hike expectations
Eurozone Considerations
ECB policymakers signaling potential June rate cut
German industrial production data due May 8 may show continued weakness
Political uncertainty in France creating euro headwinds
Key Levels Summary
Daily Timeframe
Support: 1.13250 โ 1.12658
Resistance: 1.13890 โ 1.14230
EMA 50/100/200/400: 1.13742 | 1.13988 | 1.13210 | 1.12875
4-Hour Timeframe
Support: 1.13200 โ 1.12840
Resistance: 1.13720 โ 1.13960
EMA 50/100/200/400: 1.13410 | 1.13720 | 1.13150 | 1.12680
Fibonacci Levels
Key retracements: 1.13250 (38.2%) | 1.13890 (50%) | 1.14530 (61.8%)
Pivot Points
Weekly: 1.13520 (PP) | 1.14250 (R2) | 1.12790 (S2)
Daily: 1.13400 (PP) | 1.13960 (R2) | 1.12840 (S2)
Conclusion
EURUSD currently trades at a technical inflection point. The confluence of daily Fibonacci levels with 4-hour EMA clusters creates multiple potential reversal zones. Traders should prepare for increased volatility around upcoming USD data releases, particularly NFP and CPI. The technical setup suggests limited upside potential until 1.13890 breaks, while downside risks remain contained above 1.12658 swing low. A neutral stance with tight risk management is advisable until clearer directional signals emerge from either technical breaks or fundamental catalysts.
EURUSD forming triangle let's wait for break
EURUSD they're trying to push
EURUSD Direction long
Enter @1.1358
First Target 1.1385
Second Target 1.1402
EURUSD buy now tp 1.08250 sl 1.07856EURUSD ๐ EURUSD Intraday Trade Setups โ March 28, 2025
โก Buy Intraday Trade Setup
๐ฏ Entry: 1.07517 (aligns with 61.8% Fib retracement + daily support cluster)
๐ Stop Loss: 1.0729 (below swing low and 78.6% Fib level)
โ Take Profit 1: 1.0775 (near 38.2% Fib retracement)
๐ฏ Take Profit 2: 1.0798 (daily resistance zone)
Reason: Bullish reversal expected at 1.07517 due to confluence of daily support and oversold RSI divergence.
โก Sell Intraday Trade Setup
๐ฏ Entry: 1.07854 (tests 38.2% Fib resistance + descending trendline)
๐ Stop Loss: 1.0803 (above daily swing high)
โ Take Profit 1: 1.0760 (CMP retest)
๐ฏ Take Profit 2: 1.0735 (daily support retracement)
Reason: Bearish rejection likely at 1.07854 amid MACD bearish crossover and weak momentum above 1.078.