【EUR/USD】1-Hour Chart Analysis - April 23, 2025

EUR/USD Analysis

EUR/USD Accelerates After Breaking 1.1530

Overview:

On the 1-hour chart for EUR/USD as of April 21, 2025, the price has broken through 1.1530, and the upward momentum is accelerating. This article utilizes ADX, MACD, and moving averages to forecast future movements and propose short-term trading strategies.

Key Point 1: Breakout of 1.1530 and Accelerated Rise

Currently, after breaking through 1.1530, EUR/USD is forming a strong upward trend. In particular, the moving averages (50MA, 200MA) are acting as support, and by maintaining this support line, the upward pressure is likely to continue.

Next Target 1.1600: With the price breaking through 1.1530, the next target is set at 1.1600. This level is also psychologically significant, and the upward momentum formed at 1.1530 may head towards 1.1600.

Strong Buying Pressure: Strong buying pressure is currently ongoing, indicating that the upward trend is being maintained. The support of the moving averages (50MA, 200MA) is evidence of this, and they are currently supporting the price.

Support Points:

The 50MA and 200MA are functioning as significant support. As long as this support continues, the upward trend is likely to persist.

Image Source: cTrader Platform

Key Point 2: ADX Suggests Bullish Trend

ADX (Average Directional Index): The ADX is currently above 50, suggesting that a strong upward trend has formed. When the ADX exceeds 50, the trend may accelerate further. This bullish trend indicates that the current upward momentum will likely continue, making it effective to adopt a trend-following strategy.

Trend Strength: If the ADX is above 50, the price increase is likely to accelerate further, and especially with the agreement of other indicators (MACD and moving averages), the reliability of the trend increases.

Point: If the ADX exceeds 50, the upward pressure will become even stronger, and the movement aiming for an increase to 1.1600 will intensify.

Key Point 3: Bullish MACD Crossover

Bullish MACD Crossover: The MACD line has crossed above the signal line, which is a bullish sign. Additionally, the histogram is also rising, indicating increasing upward pressure. This movement suggests that the price is likely to continue rising in the short term, making trend-following strategies effective, especially in a well-established trend. Price Increase: Since the MACD has formed a bullish crossover, the price is likely to rise further towards the next target of 1.1600.

Point: The rise of the MACD histogram suggests that the price will rise in the short term, and the trend is likely to continue.

Future Outlook and Trading Strategy

Currently, EUR/USD is in a strong upward trend, and it is effective to continue adopting a trend-following strategy. Pay attention to the following points to predict future movements:

• ADX Movement: Since the ADX is above 50, the upward trend is likely to accelerate further. When the ADX exceeds 50, the strength of the trend increases, and it is likely to continue rising.
• MACD Movement: Since the MACD line has crossed above the signal line, the upward trend is expected to continue. This bullish sign indicates that the price is likely to rise towards 1.1600.

Support and Resistance: Having surpassed 1.1530, the next target is 1.1600, and the upward movement is likely to continue.

Trading Examples (By Scenario)

Bullish Scenario (Aiming for Upside)
Entry: Near 1.1530
Take Profit: 1.1600 and above
Stop Loss: Below 1.1500

Bearish Scenario (Aiming for Reversal)
Entry: Break below 1.1500
Take Profit: 1.1450
Stop Loss: Above 1.1530

Conclusion: Focus on the Upward Trend

Current technical indicators suggest that the upward trend of EUR/USD is likely to continue. Pay attention to the movements of MACD and ADX, and it is important to trade by riding the upward trend. Having exceeded 1.1530, the price is highly likely to rise towards the next target of 1.1600.

Disclaimer:

This article is for informational purposes only and does not constitute investment advice. All investment decisions should be made at your own discretion and responsibility.
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