EURUSD Analysis – 23rd March 2025 (4H)
A. Market Structure & Overview
Current Price: 1.08153 (-0.25%)
Trend: Strong uptrend from 1.0200 (Jan 2025) to 1.1000 (Mar 2025), now in a pullback phase testing 1.0800 support.
Mak 369 Method:
1.0800 is a key pivot level (108 is a multiple of 9)
If price holds, expect bullish continuation; if it breaks, a deeper correction may unfold.
B. Fibonacci, Gann, & Elliott Wave Analysis
🔹 Fibonacci Levels (1.0200 to 1.1000 move):
38.2% Retracement: 1.0704
50% Retracement: 1.0600
Current Price (1.08153) is above 38.2%, indicating a shallow pullback.
🔹 Gann Levels:
1.0800 is a strong historical support & Gann level.
If broken, next major support is at 1.0600.
🔹 Elliott Wave Structure:
Possible Wave 4 correction (after Wave 3 peak at 1.1000).
Wave 5 could extend to 1.1100 - 1.1200 if 1.0800 holds.
C. Key Levels to Watch
Support Levels:
✅ 1.0800 - 1.0780 → Current Support
✅ 1.0700 - 1.0680 → Next Key Support
✅ 1.0600 → Major Support
Resistance Levels:
🚀 1.0900 → Short-term Resistance
🚀 1.1000 → Recent High
🚀 1.1100 - 1.1200 → Potential Wave 5 Target
D. Possible Scenarios & Probability
🔹 (55%) Bullish Scenario:
Price holds 1.0800 and breaks above 1.0900, targeting 1.1000 - 1.1100.
🔹 (35%) Rejection Scenario:
Price fails at 1.0800, leading to a pullback to 1.0700 - 1.0680.
🔹 (10%) Bearish Breakdown:
Break below 1.0780 confirms downside, targeting 1.0600.
E. Trading Strategy & Final Thoughts
🔵 Bias:
Bullish above 1.0800
Bearish below 1.0780
📈 Long Position (Buy Setup)
🔹 Entry: 1.0800 - 1.0810 (After bullish confirmation)
🎯 Targets: 1.0900, then 1.1000 - 1.1100
🛑 Stop Loss: Below 1.0780
📉 Short Position (Sell Setup)
🔹 Entry: Below 1.0780 (Breakdown confirmation)
🎯 Targets: 1.0700, then 1.0600
🛑 Stop Loss: Above 1.0850
⚠️ Key Considerations:
Watch for false breakouts below 1.0800; confirm moves with volume.
A strong break and close above 1.0900 confirms bullish momentum.
A close below 1.0780 signals possible bearish continuation to 1.0700 - 1.0600.
✅ Final Thoughts
EURUSD is testing a critical 1.0800 support level. Holding above this zone favours bullish continuation to 1.1000 - 1.1100. However, a break below 1.0780 may shift momentum bearish, targeting 1.0700 - 1.0600. Wait for confirmation before entering a trade. 🚀
A. Market Structure & Overview
Current Price: 1.08153 (-0.25%)
Trend: Strong uptrend from 1.0200 (Jan 2025) to 1.1000 (Mar 2025), now in a pullback phase testing 1.0800 support.
Mak 369 Method:
1.0800 is a key pivot level (108 is a multiple of 9)
If price holds, expect bullish continuation; if it breaks, a deeper correction may unfold.
B. Fibonacci, Gann, & Elliott Wave Analysis
🔹 Fibonacci Levels (1.0200 to 1.1000 move):
38.2% Retracement: 1.0704
50% Retracement: 1.0600
Current Price (1.08153) is above 38.2%, indicating a shallow pullback.
🔹 Gann Levels:
1.0800 is a strong historical support & Gann level.
If broken, next major support is at 1.0600.
🔹 Elliott Wave Structure:
Possible Wave 4 correction (after Wave 3 peak at 1.1000).
Wave 5 could extend to 1.1100 - 1.1200 if 1.0800 holds.
C. Key Levels to Watch
Support Levels:
✅ 1.0800 - 1.0780 → Current Support
✅ 1.0700 - 1.0680 → Next Key Support
✅ 1.0600 → Major Support
Resistance Levels:
🚀 1.0900 → Short-term Resistance
🚀 1.1000 → Recent High
🚀 1.1100 - 1.1200 → Potential Wave 5 Target
D. Possible Scenarios & Probability
🔹 (55%) Bullish Scenario:
Price holds 1.0800 and breaks above 1.0900, targeting 1.1000 - 1.1100.
🔹 (35%) Rejection Scenario:
Price fails at 1.0800, leading to a pullback to 1.0700 - 1.0680.
🔹 (10%) Bearish Breakdown:
Break below 1.0780 confirms downside, targeting 1.0600.
E. Trading Strategy & Final Thoughts
🔵 Bias:
Bullish above 1.0800
Bearish below 1.0780
📈 Long Position (Buy Setup)
🔹 Entry: 1.0800 - 1.0810 (After bullish confirmation)
🎯 Targets: 1.0900, then 1.1000 - 1.1100
🛑 Stop Loss: Below 1.0780
📉 Short Position (Sell Setup)
🔹 Entry: Below 1.0780 (Breakdown confirmation)
🎯 Targets: 1.0700, then 1.0600
🛑 Stop Loss: Above 1.0850
⚠️ Key Considerations:
Watch for false breakouts below 1.0800; confirm moves with volume.
A strong break and close above 1.0900 confirms bullish momentum.
A close below 1.0780 signals possible bearish continuation to 1.0700 - 1.0600.
✅ Final Thoughts
EURUSD is testing a critical 1.0800 support level. Holding above this zone favours bullish continuation to 1.1000 - 1.1100. However, a break below 1.0780 may shift momentum bearish, targeting 1.0700 - 1.0600. Wait for confirmation before entering a trade. 🚀
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.