EURUSD Continues to Surge, Approaching 1.09 USD Amid Stop-Loss Triggers【March 10, 2025】
Fundamental Analysis
EURUSD continues its sharp rise as expectations for increased German defense spending boost economic activity.
EURUSD is forming a band walk within the Bollinger Bands.
EURUSD Technical Analysis
Analyzing the daily chart of EURUSD:After breaking above the 1.05 USD range high, EURUSD surged beyond 1.08 USD, triggering stop-loss orders. The price has surpassed the 200-day moving average and touched the +3σ line of the Bollinger Bands. Although some profit-taking at the +3σ line led to a slight pullback, the strong uptrend remains intact.
The market is experiencing a bullish EURUSD sentiment, driven by expectations of Germany’s substantial increase in defense spending and capital flow into the euro due to trade uncertainties in the US.
A temporary adjustment may occur, but the primary strategy remains buying on dips.
Day trading strategy (1 hour)
Analyzing the 1-hour chart of EURUSD:The pair is approaching 1.09 USD but is slightly retracing due to profit-taking. Buying opportunities are expected around the 1.076 USD and 1.07 USD levels. Given the increased volatility, caution is advised.
Day trading plan:
Buy limit orders at 1.076 USD and 1.07 USD.
Take profit at 1.085 USD.
Stop-loss at 1.069 USD.
Support/Resistance lines
Key support and resistance lines to consider:
1.0888 USD – Recent high
1.08 USD – Psychological round number
Market Sentiment
EURUSD: Sell: 83% / Buy: 17%
Today’s important economic indicators
Economic Indicators and EventsJapan TimeGermany Industrial Production16:00
*Trading advice in this article is not provided by Milton Markets, but by Shu Fujiyasu Jr., a certified technical analyst.
Risk Disclaimer
This analysis is for educational purposes only and does not constitute investment advice. Trading forex and CFDs involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results.
This analysis is for educational purposes only and does not constitute investment advice. Trading forex and CFDs involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results.
