EURUSD: HTF ANALYSIS
💸 ATTENTION POSITION & WEALTH TRADERS!!!! 💵
+438-pip Opportunity 🤑
EUR/USD Weekly Analysis - January 14, 2025
Key levels and technical insights for this week’s trade setup:
Technical Overview:
Oscillators highlight oversold conditions:
Moving Average Insights:
Trade Setup:
Fundamental Overview:
+438-pip Opportunity 🤑
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.
Note
Professor C. E. Ward
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.
Professor C. E. Ward
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.