EUR/USD Analysis

[Hexxler]

Yesterday, the EUR/USD traded lower and closed the day in the red zone around the price of 1.0695. Today, the pair traded in a narrow range of 1.0685–00, remaining close to yesterday's closing price. On the hourly chart, EUR/USD trades above the moving average lines MA (200) and H1 (1.0630). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the north direction in trading, and while the pair remains above the MA 200 H1, you may need to look for entry points to buy when a correction is formed.

• Resistance levels are at 1.0710, 1.0755–65, and 1.0800–10.
• Support levels are at 1.0665, 1.0640, and 1.0620.

The main scenario is probably a resumption of growth to 1.0710 (the high of the European session on November 7).

The alternative scenario involves consolidation below MA 200 H1, followed by a decline to 1.0515 (November 1 low).

 

[Fin_Trader]

I want to try to keep my own journal to search for a trading strategy.
Goals:
1) to identify errors - both in the trading system and in inaccuracies in following the trading system;
2) develop ways to avoid the same mistakes in the future.
I often trade the EUR/USD pair, but I also prefer GBP/USD, USD/JPY, USD/CHF.

 

[Fin_Trader]

The EURUSD pair is showing an upward trend on the H4 timeframe. However, the price has approached a serious resistance zone on this TF. This resistance zone is quite strong, which has not allowed the price to go higher for several weeks in a row. In case of a breakout and consolidation of the price above this resistance zone, the further target for the upward movement may be the level of 1.058. In case of a downward rebound, the price may fall to the level of 1.0400.

 

[Fin_Trader]

The EURUSD pair shows a general upward trend. At the same time, the price left the range, breaking through its upper side at the resistance level of 1.0822. However, after this breakout, it returned back to this level. In case of its retest and rebound from it upwards, the target for further upward movement may be the resistance level of 1.0930. In case of a false breakout of the resistance level of 1.0822 and consolidation of the price below it, the target for a downward correctional movement may be the support level of 1.0674.

 

[Fin_Trader]

During its upward movement, the EURUSD pair price broke the resistance level of 1.0820 and consolidated above it. Now this level has become a support level. The next target in this bullish mood may be the resistance level of 1.0930.

 

[Fin_Trader]

The EURUSD pair continues its upward movement. At the same time, the price broke through and consolidated above the resistance level of 1.0873, which has now become the support level. After its retest and rebound from it upwards, the first target for this bullish movement is the resistance level of 1.0930.

 

[Fin_Trader]

When considering the situation on the EURUSD pair, on the H1 timeframe, the price during its upward movement broke upwards the line of the local downward trend on this timeframe. A price retest back to the broken side of this line with an upward rebound is possible, where the target may be the resistance level of 1.0948.

 

[Fin_Trader]

When considering the situation on the EURUSD pair, it is clear that the resistance level of 1.0946 turned out to be quite strong and when testing it again, the price made a false breakout and rebounded downwards to the nearest support level of 1.0873, which kept the price from moving further downwards. It is also clear that the price approached the line of the ascending local trend on the H1 timeframe. After that, a rebound upwards is possible with the aim of retesting the resistance level of 1.0946.

 

[Fin_Trader]

The EURUSD pair on the H1 timeframe shows that the price is moving in a horizontal range between the resistance level of 1.0859 and the support level of 1.0822. At the same time, a technical analysis figure "wedge" was formed earlier, in which the price went down, breaking through its lower side, which may indicate the continuation of the bearish trend. Therefore, there is a possibility of the price leaving the above range downwards, where the target for a downward movement may be the support level of 1.0766.

 

[Fin_Trader]

Looking at the situation on the H1 timeframe for the EURUSD pair, we can see a local downward trend. At the same time, the support level of 1.0781 was not broken through after two attempts and the price rebounded from it to the nearest resistance level of 1.0822. There is also a line of a downward local trend, which the price also ran into after a rollback. In case of its upward breakout, the target for further upward movement may be the resistance level of 1.0859. In case of a downward rebound from this line, the target for a downward movement may be the support level of 1.0781.

 

[selectweiber]

EUR/USD Technical Analysis – March 27, 2025​

The EUR/USD currency pair is currently trading at 1.07782, showing a slight increase of +0.08% on the 1-hour timeframe. The chart indicates a potential trend reversal setup as the price has been in a downtrend but is approaching a key support zone.

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Key Observations:​

• Descending Trendline: A downtrend line (marked in blue) has been respected by the price action, showing a series of lower highs and lower lows.
• Support & Demand Zone: A yellow support zone is visible around the 1.07350 - 1.07700 level, indicating potential buying interest. The price has reacted from this zone, hinting at a possible reversal.
• Breakout Attempt: The price is testing the descending trendline, and a breakout above this level could signal a bullish move.
• Supply Zone & Resistance: There is a highlighted resistance zone around 1.08971 - 1.09228, where sellers may step in if the price moves upward.

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Trade Setup Considerations:​

• Bullish Scenario: If the price successfully breaks above the descending trendline and retests the 1.07700 - 1.07800 zone as support, it may rally towards the 1.08971 - 1.09228 resistance area.
• Bearish Scenario: If the price fails to break the trendline and faces rejection, it may drop back towards the 1.07350 support and further towards 1.05347 in case of strong selling pressure.

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Conclusion:​

The market is currently at a critical decision point. A breakout and retest of the trendline could confirm bullish momentum, while a rejection may continue the bearish trend. Traders should watch price action closely near these key levels.

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[Fin_Trader]

The situation on the EURUSD pair timeframe H1 looks like this: the price during its upward movement broke through the line of the downward local trend on this timeframe. There was also a breakout of the resistance level of 1.0781, which can now become a support level. The target for further upward movement is considered to be the resistance level of 1.0822.