Price: 1.1777 | EMA7: 1.17 | EMA25: 1.16 | RSI14: 75.78 | Resistance: 1.3 | Support: 1.073 | Average Volume: 2337619.21 | Volume Trend: Decreasing
Based on the 1-day chart of EURIUSDT, here's my analysis:
* The price is trading above EMA7, indicating a short-term uptrend. However, the distance between the current price and EMA7 is relatively small, suggesting that the upside momentum might be slowing down.
* The price is also above EMA25, but the gap is narrower, indicating that the long-term trend is not as strong as the short-term one.
* RSI14 is overbought, suggesting that the price might be due for a pullback in the near term.
* MACD is showing a slight bullish divergence, which could indicate a potential countertrend rally.
* Resistance is at 1.3, which the price has failed to break above multiple times in the recent past. It's likely to hold as resistance.
* Support is at 1.073, which is a strong level of support. If the price breaks below this level, it could lead to a significant pullback.
Based on this analysis, here are my recommendations:
* Long/Short entry prices: Consider entering a short position around 1.1800-1.1820, as the price is likely to face resistance at 1.3. Alternatively, consider entering a long position around 1.1650-1.1680, as the price could bounce off support at 1.073.
* Best spot buy price: Wait for a pullback to around 1.1650-1.1680, as the price is likely to find support at 1.073. This would offer a better risk-reward ratio for a long position.
Remember to adjust your stop-loss and take-profit levels based on your risk tolerance and market conditions.