EURUSD: HTF ANALYSIS

15 בינו׳

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EUR/USD Weekly Analysis - January 14, 2025

Key levels and technical insights for this week’s trade setup:

• Support Level (2-Month): 1.0354
  
• Resistance Level (52-Week): 1.0792
  
• Stop Loss: 0.9916
  
• Take Profit Target: 1.0792
  

Technical Overview:

• The EUR/USD has been in a long-term downtrend, forming lower highs and lower lows.
  
• Recent price action indicates a bounce off the critical 2-Month Support level (1.0354), suggesting potential for a short-term bullish rebound.
  

Oscillators highlight oversold conditions:

• RSI (39.52): Neutral but trending toward oversold territory.
  
• Stochastic %K (14.03): Near oversold, signaling possible upward momentum.
  
• Williams %R (-88.20): Deeply oversold, increasing chances of a reversal.
  

Moving Average Insights:

• The price is trading below the Ichimoku Base Line (1.07268), confirming bearish bias.
  
• A breakout above this level would signal a stronger bullish reversal.
  

Trade Setup:

• Entry Point: 1.0354 (Near Support Level)
  
• Take Profit Target: 1.0792 (Resistance Level)
  
• Stop Loss: 0.9916 (Below Support)
  
• Risk-Reward Ratio: Approximately 1:2
  

Fundamental Overview:

• Eurozone Economic Data: Weak CPI and manufacturing data reduce Euro strength.
  
• USD Strength: Hawkish Fed policy and strong employment data limit EUR/USD upside potential.
  
• Geopolitical Risks: Uncertainty from energy prices and regional conflicts impacts investor sentiment.
  
• Market Sentiment: Risk-off sentiment favors USD strength; however, technical oversold conditions could drive a short-term rally toward resistance.
  

15 בינו׳

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