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Best Entry Points for EURUSD

Jul 10, 6:30 pm (4 hr ago)
1567 Replies
Best Entry Points for EURUSD

Looking at the current EURUSD setup, I've identified several key entry points based on support and resistance levels. The pair is currently testing the 1.0850 level which has acted as strong support multiple times in the past week. My analysis shows three potential entry points: 1) Long at 1.0850 with stop loss at 1.0820, 2) Long at 1.0870 if we get a breakout above resistance, 3) Short at 1.0890 if the resistance holds. The RSI is showing bullish divergence on the 4H chart, which suggests a potential reversal. Volume analysis confirms increasing buying pressure at support levels.

Replied
Sarah Johnson avatar

Sarah Johnson

Jan 14, 2025 pm

Great analysis! I've been watching EURUSD for the past week and your entry points align perfectly with my technical analysis. The 1.0850 level has been acting as strong support.

Mike Chen avatar

Mike Chen

Jan 14, 2025 pm

I agree with your analysis. The RSI divergence on the 4H chart is particularly interesting. Have you considered the impact of the upcoming ECB meeting on these levels?