💹 EURUSD Daily Analysis Based on Main Key Levels - 8 April 2025

Daily Current Market Price (DCMP): 🟢 1.09626

Price trades ABOVE daily pivot (1.09461) but BELOW weekly pivot (1.09631)

🚩 Critical Price Zones

Resistance (Sell Areas):

🔥 1.09631 (Weekly Pivot)

🔥 1.10504 (Daily R2)

🔥 1.11149 (Daily R3)

Support (Buy Areas):

🛡️ 1.09461 (Daily Pivot)

🛡️ 1.08816 (Daily S1)

🛡️ 1.07773 (Daily S3)

🔍 Technical Breakdown

Swing Levels:

Daily High: 1.09548 | Daily Low: 1.07330

4H High: 1.09631 | 4H Low: 1.08417

Fibonacci:

61.8% Retracement at 1.08920 | 127% Extension at 1.10380

Momentum:

RSI at 52 (neutral) | MACD lines converging near zero

Price Action:

Bearish engulfing candle below 1.09631 resistance

💡 Trade Setups

Intraday Buy (Long)

🎯 Entry: 1.08225 (Weekly S1)

🔴 Stop Loss: 1.07773 (Daily S3)

✅ Take Profit 1: 1.08816 (Daily S1)

✅ Take Profit 2: 1.09461 (Daily Pivot)

Rationale: Confluence of weekly support & 78.6% Fib level creates reversal potential 📉→📈

Intraday Sell (Short)

🎯 Entry: 1.09631 (Weekly Pivot)

🔴 Stop Loss: 1.10504 (Daily R2)

✅ Take Profit 1: 1.08816 (Daily S1)

✅ Take Profit 2: 1.08225 (Weekly S1)

Rationale: Resistance cluster with bearish MACD histogram expansion 📊

⚡ Key Observations

Critical battle at 1.09461-1.09631 zone (50DMA at 1.09280)

Volume spikes below 1.08816 suggest strong buyer interest

Bullish divergence forming on 4H Stochastic oscillator

Risk Note: Monitor ECB speech at 14:00 GMT – Hawkish tones could trigger breakout above 1.09631.