EURUSD Bullish

Analysis Price: 1.1720 (Updated: 24 August 2025, 06:04 UTC)

Comprehensive analysis for EURUSD showing a predominantly bullish bias with 84% bullish consensus based on combined analytical factors. Raw trader sentiment shows 37% long, 63% short. Market structure, technical patterns, and key levels examined across multiple timeframes.

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Signal Overview

Bullish High Confidence Low Risk

Market Consensus:

84% Long

16% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a high confidence bullish bias for EURUSD (signal strength: 68%). Supporting factors include: High probability (95%) support zone detected at 1.1682; Technical patterns identified: Bullish Engulfing (H4), Cup and Handle (H1); EUR is showing relative strength against USD (diff: 23%). Contradicting factors: Retail sentiment is 63% bearish. Risk assessment for this trade is low. This signal is most valid on the M15, H1, H4, D1 timeframes.

Sentiment Analysis

Note: The sentiment chart below shows actual trader positioning data (37% long / 63% short). The overall bullish bias (84%) mentioned in the page header represents our analytical consensus based on combined technical factors beyond raw sentiment.

LONG SHORT

37% 63%

Historical Sentiment (7 Days)

Sentiment Interpretation

Bearish sentiment with 63% of traders holding short positions. The market has a negative bias, but watch for signs of exhaustion if this percentage increases further.

Support & Resistance Analysis

Resistance Levels

R1: 1.1742 0.19% ↑

Analysis Price: 1.1720

Support Levels

S1: 1.1609 0.95% ↓

Market Regime:

Range

Analyst Bias:

Unknown

Direction Probability:

60%

Price Position Analysis

Price is currently near resistance at 1.1742 (0.19% above analysis price) with support at 1.1609 (0.95% below). This position near resistance could present a potential selling opportunity with a favorable risk-reward ratio.

Chart Pattern Analysis

87%

Shooting Star

Reliability:

87%

Detected: Aug 23, 19:46

Pattern Analysis Interpretation

Predominantly bearish patterns detected across timeframes, suggesting downward pressure. The most reliable pattern is a bearish Shooting Star on the H1 timeframe with 87% historical reliability. This pattern is currently only confirmed on the H1 timeframe.

High Probability Zones

Support Zone

95%

Zone Level:

1.1705

analysis price:

1.1720

Distance:

0.13%

Confluence Factors:

Morning Star 24% Retracement Volume Spike

Valid on Timeframes:

H1 H4 D1 W1

Support Zone

95%

Zone Level:

1.1644

analysis price:

1.1720

Distance:

0.65%

Confluence Factors:

Hammer 62% Retracement Volume Spike

Valid on Timeframes:

H1 H4 D1 W1

Support Zone

83%

Zone Level:

1.1325

analysis price:

1.1720

Distance:

3.37%

Confluence Factors:

Double Bottom 162% Extension

Valid on Timeframes:

H1 H4 D1 W1

High Probability Zones Interpretation

Price is extremely close to a high probability (95%) support zone at 1.1705. This presents a potential buying opportunity with stop loss slightly below the zone. Multiple confluence factors strengthen this level's significance.

Multiple high probability zones exist for this pair, indicating a well-structured technical environment with clear levels for trading decisions.

Volatility Analysis

Select Timeframe:

Daily Range (pips):

37.0

Volatility Regime:

Normal

Volatility Level:

29%

10-Day ATR Trend

Volatility Interpretation (H1)

EURUSD is showing normal volatility (29 percentile) with an expected daily range of 37.0 pips. This represents average market conditions conducive to standard trading strategies. Standard position sizing and stop loss parameters are appropriate.

Correlation Analysis

Top Correlations with EURUSD

EURNZD

0.89

USDCHF

-0.84

GBPUSD

0.83

AUDUSD

0.79

EURCHF

0.76

Correlation Interpretation

Understanding how EURUSD correlates with other pairs can help with portfolio diversification and risk management. Strong positive correlations (above 0.7) indicate pairs that move similarly, while strong negative correlations (below -0.7) show pairs that typically move in opposite directions.

EURUSD shows strong positive correlation with: EURNZD, GBPUSD, AUDUSD, EURCHF. This means these pairs tend to move in the same direction. Trading in the same direction on multiple correlated pairs increases portfolio risk, while finding divergences between correlated pairs can highlight potential reversal opportunities.

EURUSD shows strong negative correlation with: USDCHF. This means these pairs tend to move in opposite directions. Negatively correlated pairs can be useful for hedging strategies or to confirm signals (a buy signal in one pair would be supported by a sell signal in the negatively correlated pair).

Currency Strength Analysis

Select Timeframe:

EUR

-0.49

Weak

USD

0.77

Very-strong

Relative Strength:

-1.26

Bearish Bias

Currency Strength Interpretation (M15)

USD is significantly stronger than EUR on the M15 timeframe, with a relative strength of -1.26. This suggests a strong bearish bias for EURUSD. With USD showing absolute strength and EUR showing absolute weakness, this is an ideal scenario for a short position.

How to Use This Analysis

This comprehensive analysis provides multiple perspectives on EURUSD to help inform your trading decisions:

Sentiment Analysis: Use to understand market positioning and potential contrarian opportunities
Support & Resistance: Identify key price levels for setting stop losses and take profits
Pattern Analysis: Recognize technical formations that may indicate continuation or reversal
Volatility Analysis: Adjust position sizing and risk management based on current market conditions
Currency Strength: Compare the relative performance of individual currencies within the pair
Correlation Analysis: Understand how this pair moves in relation to others for portfolio diversification

For optimal results, consider how these different factors align. The strongest trading opportunities typically occur when multiple analytical tools show confirmation across different timeframes.