$EUR
/USDT Monthly Chart Analysis (1M Timeframe)
Current Price: 1.1552
24h Change: -0.13%
24h High/Low: 1.1584 / 1.1548
24h Volume: 7.71M EUR / 8.92M USDT
Technical Overview:
MA(7): 1.1229 (yellow line)
MA(25): 1.0893 (pink line)
The price is currently above both MA(7) and MA(25), indicating short-term bullish strength. However, the recent candle shows a pullback after a peak around 1.20, followed by a downtrend with support at 1.15 zone.
Key Levels:
Resistance: 1.20 (psychological and historical top), then 1.1584 (24h high)
Support: 1.1548 (24h low), then 1.12 and major support around 1.089 (MA25)
Trend Analysis:
The price is currently consolidating after a sharp drop from the recent highs near 1.20.
The bearish candle after the rejection from 1.20 and a move below the 7MA suggests caution for bulls in the short term.
However, long-term trend remains neutral to slightly bullish as long as price holds above 1.089 (MA25).
Trading Signal:
Short-Term Idea (Swing Trade):
Entry (Buy): Near 1.1500–1.1530 (support zone)
Target 1: 1.1650
Target 2: 1.1800
Stop Loss: Below 1.1450
OR
If bearish continuation confirms:
Entry (Sell): Below 1.1450 (on breakdown)
Target: 1.12
Stop Loss: Above 1.1550
📌 Note: Watch volume and momentum closely. A clear breakout or breakdown with volume will likely define the next move.
Let me know if you want analysis on a shorter timeframe or another pair.