📊 Daily Technical Analysis – EUR/USD (April 2025)
The EUR/USD pair is approaching a critical resistance zone on the daily chart, with price action showing signs of both trend continuation and potential exhaustion. Traders should brace for volatility as the pair hovers near a multi-month high.
📈 Trend Overview:
Since rebounding from the 1.0700 support area in early March, EUR/USD has maintained a steady bullish trend, forming a clean structure of higher highs and higher lows.
The overall sentiment remains bullish in the medium term, but the pair is now pressing into a strong resistance zone near 1.0980 – 1.1050, where price previously stalled multiple times in late 2023.
🧱 Key Resistance Levels:
1.0980 – 1.1050: A major resistance block; a clean daily breakout above this zone could trigger renewed buying pressure and open the door for a move toward 1.1200.
1.1270: A key swing high from July 2023, and a likely target if bulls maintain control.
🛡️ Key Support Levels:
1.0870: A short-term support level and previous consolidation zone.
1.0740: A key higher low and critical structure — losing this level could suggest a shift toward a broader range-bound market.
1.0700: March’s reaction low and a major psychological level for euro bulls.
📐 Technical Structures:
Price action is showing signs of forming a rising wedge pattern — typically a sign of weakening bullish momentum, especially when it appears near strong resistance.
That said, if buyers manage to break through the upper boundary with strong conviction, this setup could transform into a bullish continuation — invalidating the wedge as a reversal pattern.
Also, the pair remains inside a bullish price channel, which has guided the trend since mid-March.
🧭 Potential Scenarios:
✅ Bullish Breakout:
A strong daily close above 1.1050 would likely confirm the breakout, targeting 1.1200 and possibly 1.1270 as bullish extensions. This could align with further dollar weakness or positive eurozone data.
❌ Bearish Rejection:
If the pair fails to break the resistance zone and forms reversal candlesticks, a pullback toward 1.0870 or even 1.0740 becomes likely. A break below 1.0700 would be a strong bearish signal, opening the path toward deeper retracement.
📌 Conclusion:
EUR/USD is pressing into a decisive resistance zone after a sustained bullish rally. Price action is king here — a breakout above 1.1050 may confirm bullish continuation, while rejection could trigger a healthy correction. Keep a close eye on daily closes and candle structure in the coming sessions.
💬 How do you see EUR/USD playing out from here? Are we in for a breakout or a top? Share your thoughts 👇
The EUR/USD pair is approaching a critical resistance zone on the daily chart, with price action showing signs of both trend continuation and potential exhaustion. Traders should brace for volatility as the pair hovers near a multi-month high.
📈 Trend Overview:
Since rebounding from the 1.0700 support area in early March, EUR/USD has maintained a steady bullish trend, forming a clean structure of higher highs and higher lows.
The overall sentiment remains bullish in the medium term, but the pair is now pressing into a strong resistance zone near 1.0980 – 1.1050, where price previously stalled multiple times in late 2023.
🧱 Key Resistance Levels:
1.0980 – 1.1050: A major resistance block; a clean daily breakout above this zone could trigger renewed buying pressure and open the door for a move toward 1.1200.
1.1270: A key swing high from July 2023, and a likely target if bulls maintain control.
🛡️ Key Support Levels:
1.0870: A short-term support level and previous consolidation zone.
1.0740: A key higher low and critical structure — losing this level could suggest a shift toward a broader range-bound market.
1.0700: March’s reaction low and a major psychological level for euro bulls.
📐 Technical Structures:
Price action is showing signs of forming a rising wedge pattern — typically a sign of weakening bullish momentum, especially when it appears near strong resistance.
That said, if buyers manage to break through the upper boundary with strong conviction, this setup could transform into a bullish continuation — invalidating the wedge as a reversal pattern.
Also, the pair remains inside a bullish price channel, which has guided the trend since mid-March.
🧭 Potential Scenarios:
✅ Bullish Breakout:
A strong daily close above 1.1050 would likely confirm the breakout, targeting 1.1200 and possibly 1.1270 as bullish extensions. This could align with further dollar weakness or positive eurozone data.
❌ Bearish Rejection:
If the pair fails to break the resistance zone and forms reversal candlesticks, a pullback toward 1.0870 or even 1.0740 becomes likely. A break below 1.0700 would be a strong bearish signal, opening the path toward deeper retracement.
📌 Conclusion:
EUR/USD is pressing into a decisive resistance zone after a sustained bullish rally. Price action is king here — a breakout above 1.1050 may confirm bullish continuation, while rejection could trigger a healthy correction. Keep a close eye on daily closes and candle structure in the coming sessions.
💬 How do you see EUR/USD playing out from here? Are we in for a breakout or a top? Share your thoughts 👇
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。