EURUSD Analysis Point Of View - Rupeedesk Share Market Training Chennai - 26.02.2025
EURUSD Analysis Point Of View - Rupeedesk Share Market Training Chennai - 26.02.2025
EURUSD Analysis Point Of View - Rupeedesk Share Market Training Chennai - 26.02.2025
Trend Analysis:
- Previous Trend: Prolonged downtrend from mid-October to early January.
- Current Trend: Shift to a sideways-to-bullish trend as price trades above short-term moving averages.
Volume Analysis:
- Increasing volumes on upward moves, suggesting strong buying interest.
- Decreasing volume on pullbacks, indicating weak selling pressure.
Upcoming Events:
- Key economic releases like US Non-Farm Payrolls (NFP) and ECB interest rate decision could trigger volatility.
Observations:
- Price consolidating near 1.04750 after recent gains.
- Support levels: 1.04300, 1.03300
- Resistance levels: 1.05200, 1.06000
Breakout Strategy (Bullish):
- Entry: Above 1.05200 with confirmation.
- Target: 1.06000, 1.06800
- Stop-Loss: Below 1.04300 support.
Breakdown Strategy (Bearish):
- Entry: Below 1.04300 with high volume confirmation.
- Target: 1.03300, 1.02500
- Stop-Loss: Above 1.05200 resistance.
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