EURUSD Spot Analysis - Rupeedesk Share Market Training Chennai - 25.02.2025
EURUSD Spot Analysis - Rupeedesk Share Market Training Chennai - 25.02.2025
EURUSD Spot Analysis - Rupeedesk Share Market Training Chennai - 25.02.2025
EURUSD Spot Analysis - Rupeedesk Share Market Training Chennai - 25.02.2025
EURUSD Spot Analysis - Slide 1 - 25.02.2025 - IST 17.15 Pm
Chart Pattern:
* Multiple higher highs and higher lows indicate an emerging uptrend.
* Formation of rounded bottoms and inverse head & shoulders-like patterns suggest bullish momentum.
* Resistance around 1.0570-1.0600, where price may face selling pressure.
* Support at 1.0350-1.0400.
Trend Analysis:
* Short-term uptrend after breaking previous resistance levels.
* Price is trading above the 50-day moving average (yellow) and 100-day moving average (red), suggesting bullish strength.
* The 200-day moving average (green) is still above, acting as resistance.
EURUSD Spot Analysis - Slide 2 - 25.02.2025 - IST 17.15 Pm
Dow Theory Analysis:
* Market structure is transitioning from a downtrend to an uptrend as higher highs and higher lows are forming.
* Possible accumulation phase, leading to the start of a new uptrend.
* Confirmation of trend shift will come if price breaks above 1.0600.
Volume Analysis:
* No visible volume indicator in the chart, but momentum suggests increased participation.
* A breakout above 1.0570-1.0600 with strong volume will confirm bullish continuation.
Upcoming EUR/USD Events:
* FOMC meeting minutes – Can impact USD strength.
* Eurozone inflation & GDP data – Critical for ECB policy outlook.
* US Non-Farm Payrolls (NFP) – Could trigger volatility.
* ECB monetary policy updates – Any dovish/hawkish tone will influence the euro.
EURUSD Spot Analysis - Slide 3 - 25.02.2025 - IST 17.15 Pm
Observations:
* RSI at 55.22 – Suggests mild bullish momentum, not overbought yet.
* Momentum indicator near 100 – Indicates strength but needs confirmation with volume.
* A pullback towards 1.0430-1.0450 could provide buy-on-dip opportunities.
Intraday - Swing Trade Analysis:
* Intraday (Short-term, next 24 hours)
* Buy above 1.0485, Target 1.0550, SL 1.0435.
* Sell below 1.0430, Target 1.0370, SL 1.0480.
Swing Trade (1-2 Weeks)
* Buy on dips around 1.0420-1.0450, Target 1.0600.
* Avoid shorting unless a clear breakdown below 1.0350 happens.
Short-term Predictions (Next Few Weeks):
* Bullish bias if EUR/USD stays above 1.0450-1.0470.
* A break above 1.0570-1.0600 could push towards 1.0750.
* Below 1.0350, bears may take control and push the price lower.
Disclaimer: This analysis is for educational purposes only and not financial advice. Please conduct your own research before making investment decisions.
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