EUR/USD Technical Analysis – 4HR Timeframe
Current Market Situation:
: EUR/USD is currently trading near a resistance level at 1.16167, a significant price where sellers previously stepped in.
: The pair has been in an uptrend, largely supported by a weaker US Dollar due to:
: Fed’s dovish tone
: Geopolitical tension easing
: Eurozone relative economic stability
Key Levels to Watch:
Price Level Market Role Notes
1.16167 Major Resistance Zone Strong price ceiling, previous rejections seen
1.15700 – 1.15500 Minor Support Short-term buyers may defend this area
1.15000 Major Support Structural support, base of last impulse
Trading Signals:
Scenario Signal Type Entry &Suggestions
1️⃣ Bullish Breakout Above 1.16167 Buy/Long Setup Enter on candle close above 1.16167 with volume; Targets: 1.1650 – 1.1700; Stop-loss: Below 1.1595
2️⃣ Bearish Rejection at 1.16167 Sell/Short Setup Watch for bearish engulfing, pin bar, or rejection candle below resistance; Targets: 1.1570 – 1.1550 – 1.1500; Stop-loss: Above 1.1630
Market Momentum:
: Uptrend is strong, but overbought signals may appear near resistance (check RSI & MACD on lower timeframes).
: If price breaks and sustains above 1.16167, bullish continuation likely.
: If price faces rejection, corrective downside is possible toward 1.1550–1.1500 area.
Trade Management Tips:
: Look for confirmation before entering trades (avoid false breakouts).
: Use trailing stop for long trades if breakout holds to lock in profits.
: Maintain conservative lot sizes due to potential volatility around resistance.
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