As of April 24, 2025, EUR/USD continues to rise, with a breakout observed around 1.1375. This suggests that the next target is likely to be 1.1400. This analysis uses ADX, MACD, and moving averages to forecast market trends and propose short-term trading strategies.
Currently, EUR/USD is attempting a breakout at 1.1375, with the 50MA and 200MA acting as support. These moving averages are providing strong support, suggesting continued upward pressure. If the price breaks above 1.1375, the next target could be 1.1400, potentially accelerating the uptrend.
Support: 1.1375 is acting as support, and dropping below this level could lead to further downside. The next support is around 1.1340.
Image Source: cTrader platform
The current ADX is above 40, indicating a strong bullish trend. If it exceeds 50, the upward pressure may intensify, supporting a trend-following strategy.
ADX Movement: The current ADX behavior shows strong momentum, suggesting a trend-following approach is effective.
The MACD line has crossed above the signal line, with the histogram in positive territory. This indicates increasing upward momentum and a high likelihood of continued price gains.
MACD: The growing histogram signals an accelerating uptrend and suggests further price increases.
EUR/USD is currently in a strong uptrend, with the next target likely to be 1.1400. Focus on the following points when building your trading strategy:
ADX Movement: If ADX rises above 50, the bullish trend could accelerate. Readings above 40 already favor a trend-following approach.
MACD Movement: A bullish crossover indicates the continuation of the uptrend.
Support and Resistance: A breakout above 1.1375 points to a continuation toward 1.1400.
Bullish Scenario (Long Position)
Entry: Around 1.1375
Target: Above 1.1400
Stop Loss: Below 1.1340
Bearish Scenario (Short Position)
Entry: Below 1.1340
Target: 1.1300
Stop Loss: Above 1.1375
The current technical indicators suggest that EUR/USD is likely to maintain its uptrend. Watch MACD and ADX closely. A breakout above 1.1375 may accelerate the move toward the 1.1400 target.
This article is for informational purposes only and does not constitute investment advice. All investment decisions are at your own discretion and risk.
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.
<p>Subscribe to our daily newsletter and get the best forex trading information and markets status updates</p>
Trade within minutes!
English
Japanese
Chinese
Portuguese
Hindi
English
Japanese
Chinese
Portuguese
Hindi
Comment (0)