As of April 10, 2025, the EUR/USD 1-hour chart shows a breakout above 1.0970, with increasing bullish momentum. This article utilizes indicators like ADX, MACD, and moving averages to predict future movements and provide short-term trading strategies. For real-time economic data and fundamentals related to EUR/USD, please refer to the following site:
Currently, EUR/USD has broken above 1.0970, and the bullish momentum is gaining strength. This breakout suggests a move toward the next target of around 1.1000. Support from moving averages (50MA, 200MA) confirms that the bullish trend is likely to continue.
※Image Source: cTrader Platform
The ADX is currently above 40, indicating a strong and sustained trend. If the ADX exceeds 50, the bullish trend is likely to strengthen, making trend-following strategies more effective.
The MACD line and signal line are forming a bullish crossover, with the histogram also expanding. This indicates increasing upward pressure in the short term, suggesting further bullish movement ahead.
EUR/USD is currently in a bullish phase, and it is important to watch the following points to craft your strategy:
Whether the ADX maintains above 40 or continues to rise
Movement of the MACD line and histogram expansion
Support near 1.0970 and the next resistance at 1.1000
Bullish Scenario (Rebound Play)
Entry: Around 1.0970
Target: Above 1.1000
Stop Loss: Below 1.0940
Bearish Scenario (Countertrend Play)
Entry: Below 1.0940
Target: 1.0900
Stop Loss: Above 1.0970
This strategy is for educational purposes only. In actual trading, risk management and personal judgment should be prioritized.
The current technical situation shows bullish signs, making trend-following strategies effective. Keep an eye on the MACD and ADX movements and focus on capturing the upward trend.
For the latest updates, check the FIXIO Blog.
This article is intended for informational purposes only and does not constitute financial or investment advice. The analyses and strategies mentioned are based on past data and current market conditions, and may be subject to change in the future. When making investment decisions, always conduct your own research and consult a professional if necessary.
Superior trade execution & trading conditions with the NDD method.
The online FX industry provides a platform for investors worldwide to engage in the buying and selling.
Subscribe to our daily newsletter and get the best forex trading information and markets status updates
Trade within minutes!
日本語
English
Comment (0)