Update Tuesday – February 11, 2025 Good afternoon forex trader friends. This morning I will make a technical analysis for the next trading plan on the EURUSD currency pair . I hope this analysis can help determine the direction of the transaction, whatever the results later must be used as a valuable lesson.
In doing this analysis I use the help of indicators: Simple moving average period 150 60 period simple moving average MACD indicator (12,26,9) Relative Strength Index 14 indicator
Movement on the H4 timeframe: 
At the beginning of this week, there was still a push that was not so strong that it was still able to maintain the consistency of the movement in the direction of the bullish trend. There is still buyer dominance helping the bullish movement in the EURGBP currency pair, even though towards the end of last week the price had experienced pressure to fall to the level of 0.8290, but a different situation occurred until the opening of the market last night where the price rose again and left its lowest level. Since Monday at the beginning of the week, the price has been seen moving bullish and has managed to rise above the level of 0.8300. The EURGBP currency pair had previously experienced a very high increase so that in the past few weeks it formed a bullish candlestick with a medium size and with the potential for a continuation of the trend direction since the end of January, it is possible for the price to be able to rally with a higher increase level so that the market is likely to move bullish next week. The position of the Lime Line on the Relative Strength Index indicator is still visible, which has risen to level 50, indicating that the market trend is moving in a bullish phase. The market trend still seems to be able to consistently move upwards. Buyers will likely enter again with greater strength to raise the price to a higher position. The BUY trading transaction option is still the main priority because the target of buyers is likely to be in the price range of 0.8485. The position of the histogram bar which fell last week has now started to rise and even reached level 50. Until today, the position of the candlestick looks comfortable playing in the range of the Simple Moving Average indicator 60 yellow giving an illustration that the market is dominated by the buyer's army. In my opinion, seeing the tendency of price movements that are still in a bullish state is one of the factors to continue concentrating on finding Buy transaction moments. If the price movement is able to return upwards to penetrate the level of 0.8345, then the price movement will potentially increase to a higher level. So it is necessary to pay attention to price movements in the market, we can see the bullish trend.
Main Trend : From the results of the examination of short-term and long-term trends, it shows that the EURGBP currency pair is in an uptrend or moving in a bullish direction with moderate volatility at the beginning of the week, so it is very likely that the price movement will continue to try to continue the price increase, with the possibility of a downward correction movement in the short term. If the trend moves back to continue bearish, maybe the price tends to go up further with several corrections.
Buy Scenario: To get the ideal area for BUY trading transactions, you should wait for the price to rise to the level of 0.8350, the closest target for potential further increases may go to the level of 0.8395.
Sell Scenario: In anticipation if the price falls again next week, you should prepare a SELL trading transaction if the price has fallen to the level of 0.8275 by placing a profit target at the level of 0.8235.
