EURUSD 4H Analysis
Technical Outlook — 16th April 2025
Current Market Condition:
EURUSD is currently trading near 1.1386 after breaking out of a descending structure and retesting it as support. Price is holding above dynamic support (ascending channel), showing continuation signs after recent bullish momentum. The market is in a short-term consolidation phase, coiling below a key resistance zone.
Key Technical Highlights:
Possible Scenarios:
Bullish Bias (Primary Scenario):
If price holds above 1.1350 and breaks 1.1450 resistance, expect a bullish rally towards:
Target 1: 1.1650 (mid resistance)
Target 2: 1.1800 (major resistance)
Confluence: Strong uptrend structure, momentum shift on stochastic, and breakout continuation setup.
Bearish Bias (Less Likely for Now):
Break below 1.1350 and channel support may drag price down toward 1.1300 and 1.1200 supports.
Confirmation: Bearish candle close below channel + Stochastic rollover.
Important Note:
Multiple high-impact USD news events are clustered around this region. Expect volatility in the upcoming sessions. Monitor DXY and yields for correlation. Confirmation is essential before entering any breakout plays.
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Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
Technical Outlook — 16th April 2025
Current Market Condition:
EURUSD is currently trading near 1.1386 after breaking out of a descending structure and retesting it as support. Price is holding above dynamic support (ascending channel), showing continuation signs after recent bullish momentum. The market is in a short-term consolidation phase, coiling below a key resistance zone.
Key Technical Highlights:
- Bullish structure breakout and successful retest of channel support.
- Price is forming higher lows above key support around 1.1350-1.1300.
- Stochastic (21/5/5) has turned upward from oversold, suggesting renewed bullish pressure.
- Resistance zone ahead at 1.1450-1.1500 — a breakout above it opens clean skies.
- Clean FVG/liquidity gap seen above 1.1500 towards 1.1650 and 1.1800 (targets shown with arrows).
Possible Scenarios:
Bullish Bias (Primary Scenario):
If price holds above 1.1350 and breaks 1.1450 resistance, expect a bullish rally towards:
Target 1: 1.1650 (mid resistance)
Target 2: 1.1800 (major resistance)
Confluence: Strong uptrend structure, momentum shift on stochastic, and breakout continuation setup.
Bearish Bias (Less Likely for Now):
Break below 1.1350 and channel support may drag price down toward 1.1300 and 1.1200 supports.
Confirmation: Bearish candle close below channel + Stochastic rollover.
Important Note:
Multiple high-impact USD news events are clustered around this region. Expect volatility in the upcoming sessions. Monitor DXY and yields for correlation. Confirmation is essential before entering any breakout plays.
If you found this analysis valuable, kindly consider boosting and following for more updates.
Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.