FX.co ★ EUR/USD

*Technical Analysis of EURUSD Chart: Support, Resistance, Volume, RSI & Risk Management* Chart Overview The chart shows EURUSD on a 1-hour timeframe from Nov 27 to Dec 4. Price actions been trending upwards with some fluctuations. Weve got moving averages (red, blue, white lines) showing the trend direction. Support & Resistance Levels *Resistance:* The price is hovering near 1.1650 - 1.1705 (yellow lines on top). If EURUSD breaks above 1.1705, we might see a bullish push higher. *Support:* Lower levels at 1.1563 and 1.1555 (yellow lines below). If price dips here, it could bounce or break lower. ???? Volume Indicator Volume is at 39. Not super high, indicating moderate market activity. Low volume with price near resistance could mean a breakout or reversal is brewing. RSI (Relative Strength Index) RSI(14) is at 43.41. This is in the neutral zone (below 50), leaning towards bearish sentiment but not oversold yet. If RSI drops below 30, wed see oversold conditions; above 70 means overbought. MACD (Moving Average Convergence Divergence) MACD shows -0.00037 (signal line -0.00004).This hints at bearish momentum but weak. A crossover could signal a trend change.

Predictions Based on Indicators If EURUSD breaks *above 1.1705* with volume surge, expect bullish continuation. If price drops to *1.1563 support* and bounces, buyers might step in. RSI near 43 suggests no extreme conditions; trend could continue either way. Risk Management 1. *Set Stop Losses:* Always use stops below support (like 1.1555) for longs or above resistance (1.1705) for shorts. 2. *Position Sizing:* Dont risk more than 2-3% of capital per trade. 3. *Monitor RSI & Volume:* For trend strength. Low RSI + low volume = caution. 4. *Adapt:* Adjust strategies based on breaks of support/resistance. Conclusion EURUSDs in a tricky zone. Watch those support/resistance levels like a hawk. RSI and volume arent screaming anything extreme.