EUR/USD Pulls Back After Breaking 1.1260, What's the Next Target for Upward Movement?
EUR/USD is in a consolidation phase near 1.1260.
As of April 11, 2025, the EUR/USD 1-hour chart shows a pullback after breaking the 1.1260 level. This article utilizes ADX, MACD, and moving averages to forecast future trends and provide short-term trading strategies. For real-time economic data and EUR/USD fundamentals, please refer to the following site:
Currently, EUR/USD has broken above 1.1260, but is now experiencing a temporary pullback. Support from the moving averages (50MA, 200MA) is confirmed, and the price is likely to resume its upward movement. The next target is expected to be around 1.1300.
※Image source: cTrader platform
The ADX is currently above 70, suggesting that the strong bullish trend is continuing. If the ADX exceeds 80, the upward trend could accelerate further.
The MACD line has crossed above the signal line, and the histogram is rising. This indicates increasing upward pressure, and further price gains are expected.
EUR/USD is in a bullish phase, and it is important to monitor the following points while crafting your strategy:
Whether the ADX remains above 70 or continues to rise
Movement of the MACD bullish crossover
Maintaining support at 1.1260, with the next target being 1.1300
Bullish Scenario (Rebound Play)
Entry: Around 1.1260
Target: Above 1.1300
Stop Loss: Below 1.1230
Bearish Scenario (Countertrend Play)
Entry: Below 1.1230
Target: 1.1200
Stop Loss: Above 1.1260
This strategy is for educational purposes only. In actual trading, prioritize risk management and personal judgment.
The current technical situation shows strong bullish signs, making a trend-following strategy effective. Keep an eye on MACD and ADX movements to capture the upward trend in your trades.
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.
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