Euro / U.S. Dollar forum
Idea: Is EURUSD getting ready for an…
EURUSD Daily Analysis Based on Main Key Levels – April 29, 2025
Daily Current Market Price (DCMP): 💶 1.13797
🔍 Key Technical Snapshot
Swing High: 1.15734
Swing Low: 1.13080
Above DCMP (Resistance): 1.14286, 1.14512, 1.14876
Below DCMP (Support): 1.13558, 1.13332, 1.12968
📊 Trade Setups
1️⃣ Intraday Buy Trade
Entry: 🎯 1.13136 (Weekly Support1)
Stop Loss: ⚠️ 1.12968 (Support3)
Take Profit 1: 💰 1.13558
Take Profit 2: 🚀 1.13797 (DCMP retest)
Rationale: Price near swing low (1.13080) with RSI divergence forming.
2️⃣ Intraday Sell Trade
Entry: 🎯 1.14150 (Weekly Pivot)
Stop Loss: ⚠️ 1.14876 (Resistance3)
Take Profit 1: 💰 1.13922
Take Profit 2: 🚀 1.13558
Rationale: Rejection expected at 1.14286-1.14512 resistance zone.
📉 Technical Indicators
Fibonacci Levels: 1.13080 (Swing Low) to 1.15734 (Swing High) retracement active.
RSI: 48 (Neutral, potential bearish momentum).
MACD: Histogram flattening near zero line, indicating consolidation.
💡 Analyst Insight
EURUSD trades in a 1.13136-1.14150 range with bearish bias below DCMP (1.13797). Key levels align with institutional order blocks.
Really looking forward to NFP to provide some clarity in direction. This range we're currently in, is to set the stage (with all the liquidity built-up) for the directional move at NFP.
Over the next couple of days in the lead up to NFP, I anticipate that we will continue to be stuck in this macro 4h range, or slightly extending it. So, play your rangebound strategy accordingly.
Good luck traders. See you at London tomorrow 🥪 🥪 🥪
tradingview.com/x/xGEdew0p

Euro Slips as ECB Rate Cut Bets Grow
The EUR/USD dipped to around 1.1415 in early Asian trading Tuesday as the Euro weakened on rising expectations of an ECB rate cut in June. Reuters cited growing confidence among policymakers, with Olli Rehn suggesting rates could fall below neutral.
Investors are also watching US-China trade developments ahead of Friday’s Nonfarm Payrolls. President Trump claimed progress, but Beijing denied active talks. Treasury Secretary Bessent confirmed recent contact but said China must act. Trade tensions continue to pressure the dollar, potentially supporting the Euro.
Key resistance is at 1.1460, followed by 1.1580 and 1.1680. Support lies at 1.1260, then 1.1200 and 1.1150.

1) Manage Risk Use Small Lots Size And Always Set a Stop Loss
2) Keep Learning Learn From Mistake And Improve Your Strategy
3) Stay Disciplined Create a Trading Plan And Stick To It
4) Control Emotions Don't Make Decisions Based On Fear or Greed
5) Understand The Market Never Trade Without Research
Took my shorts from the LTF supply OBs above / 4h premium zone confluence, and exited at London low through the inducement block and trendline created earlier.
I'm done for today!
See you at London tomorrow! 🥪🥪🥪
tradingview.com/x/mtbYvgEK

I expect price to be heading south next.
tradingview.com/x/fIBXxDvA
