The EURUSD has been experiencing significant movements over the past months. Understanding
these movements requires in-depth analysis to uncover trends and potential retracement levels.
This analysis examines key price points and potential support and resistance levels that could
impact future price actions in the forex market.
Fibonacci Analysis
Upon analyzing the historical price data for EURUSD, a dominant uptrend has been identified.
Starting from early March 2025, the market showed steady upward movement till mid-May 2025.
Utilizing the high and low points of this trend, we can calculate specific Fibonacci
retracement levels that can predict future support and resistance areas.
Parameter
Details
Trend Start Date
2025-03-03
Trend End Date
2025-05-25
High Price (Date)
1.15149 (2025-04-20)
Low Price (Date)
1.04863 (2025-03-03)
0.236 Fibonacci Level
1.10370
0.382 Fibonacci Level
1.12127
0.500 Fibonacci Level
1.13006
0.618 Fibonacci Level
1.13885
0.786 Fibonacci Level
1.14921
Retracement Zone
Currently in 0.618 retracement level
Interpretation
The price has retraced to the 0.618 level, indicating a strong potential
support area. This area could act as a key level for future upward momentum,
suggesting a potential bullish reversal.
The EURUSD analysis reveals potential bullish momentum following retracement to the
0.618 Fibonacci level. If strong support is observed at this level, it could initiate
further upward movement. However, monitoring price action is crucial as a break below
this level may signal further declines. Analysts should be watchful of market indicators
and global economic developments, which could influence currency valuation significantly.
