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
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