๐ Reason for Entry: The entry price of 1.04241 is near a key support level, confirmed by the daily Fibonacci retracement. The price action suggests a potential bullish reversal, targeting the resistance levels at 1.04350 and 1.04450. The stop loss is placed at 1.04100 to effectively manage risk.
๐ Reason for Entry: The entry price of 1.04527 aligns with a strong resistance level based on the daily Fibonacci retracement. The market shows signs of weakness, suggesting a potential downward move. The first target is 1.04300, with the second target at 1.04150. The stop loss is set at 1.04650 to manage risk.
๐ก Summary: EURUSD is at important levels, with support at 1.04241 and resistance at 1.04527. The Buy Setup at 1.04241 targets 1.04350 and 1.04450, while the Sell Setup at 1.04527 targets 1.04300 and 1.04150. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.