EURUUSD Next possible move

26 ธ.ค. 2024

EURUSD

Here’s a detailed description for today’s continued bullish outlook in EUR/USD:

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### **Title**
*"EUR/USD Intraday Analysis: Sustained Bullish Momentum | Dollar Weakens Further"*

#### **Market Context**
*"EUR/USD continues its upward momentum as the U.S. dollar struggles amidst mixed sentiment over economic data and declining Treasury yields. The Euro finds support from improved market sentiment in the Eurozone."*

#### **Technical Analysis**
*"Today's buy entry bias is confirmed by:
- **Trend Structure**: Higher highs and higher lows affirm the ongoing bullish trend.
- **EMA Dynamics**: The price is holding above the 20 and 50 EMAs, reinforcing the bullish stance.
- **RSI**: Sustained above 60, highlighting strong buying pressure.
- **MACD**: Positive histogram bars continue to widen, showing consistent bullish momentum.

Key Levels:
- **Support**: 1.0575 (intraday), 1.0540 (critical support).
- **Resistance**: 1.0620 (initial target), 1.0650 (key resistance). A break above 1.0650 could signal further gains."*

#### **News Context**
*"Upcoming: U.S. Pending Home Sales and Eurozone CPI data are expected today, potentially influencing market movements.
Previous: Recent Eurozone economic data has shown resilience, while the U.S. dollar remains under pressure due to profit-taking and mixed economic signals."*

#### **Call to Action**
*"Will EUR/USD sustain its bullish momentum and breach higher resistance levels? Share your thoughts and trade ideas below!"*

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Let me know if this aligns with your expectations or if further adjustments are needed!