EUR/USD 4H Analysis
Technical Outlook — May 8, 2025
📊 Current Market Condition:
EUR/USD is retesting key confluence support at 1.1220 where the ascending channel, horizontal support, and 200 SMA align. Price has closed below the 50 EMA and the Ichimoku Cloud, suggesting short-term bearish pressure — but a rebound is still possible.
🔍 Key Technical Highlights:
🎯 Trade Setup Ideas:
📌 Setup 1 — Long Reversal at Channel + 200 SMA Support
Note: Wait for confirmation with a bullish 4H close or stochastic crossover before entering.
📌 Setup 2 — Bearish Breakdown & Retest Short
Note: Look for clean candle close below 1.1200 and rejection from underside before entering.
⚠️ Important Note:
FOMC speeches or USD data could cause unexpected volatility — manage risk accordingly.
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.
Technical Outlook — May 8, 2025
📊 Current Market Condition:
EUR/USD is retesting key confluence support at 1.1220 where the ascending channel, horizontal support, and 200 SMA align. Price has closed below the 50 EMA and the Ichimoku Cloud, suggesting short-term bearish pressure — but a rebound is still possible.
🔍 Key Technical Highlights:
- Price is respecting the lower boundary of the ascending channel
- 200 SMA (red) is acting as last line of defense
- 50 EMA (blue) crossed above price = bearish structure
- Stochastic near oversold = possible bullish divergence setup
🎯 Trade Setup Ideas:
📌 Setup 1 — Long Reversal at Channel + 200 SMA Support
- Entry: 1.1225–1.1200 (on bullish engulfing or strong wick rejection)
- Stop Loss: Below 1.1175 (beneath recent low and channel)
- Take Profit 1: 1.1325 (mid-level resistance)
- Take Profit 2: 1.1450 (key resistance + top of channel)
- Risk-Reward: Approx. 1:2.5+
Note: Wait for confirmation with a bullish 4H close or stochastic crossover before entering.
📌 Setup 2 — Bearish Breakdown & Retest Short
- Entry: On break and retest of 1.1200 as resistance
- Stop Loss: Above 1.1240 (back inside the channel)
- Take Profit 1: 1.1150
- Take Profit 2: 1.1080 (previous consolidation zone)
- Risk-Reward: Approx. 1:2+
Note: Look for clean candle close below 1.1200 and rejection from underside before entering.
⚠️ Important Note:
FOMC speeches or USD data could cause unexpected volatility — manage risk accordingly.
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.