Chart the Market (20/05/2025)

EURUSD, H4: 

The EURUSD pair has carved out a higher-high price structure following a rebound from its recent low near 1.1065, signaling a potential bullish trend reversal. The recovery momentum now faces a critical test at the 1.1270 resistance level. A decisive break above this zone would confirm a bullish breakout, potentially opening the door for further upside.

Momentum indicators reinforce the positive bias. The Relative Strength Index (RSI) has climbed above the 50 threshold, while the MACD has crossed above the zero line—both pointing to strengthening bullish momentum. If the pair manages to breach the 1.1270 ceiling, it could pave the way for a continuation of the uptrend in the near term.

Resistance Levels: 1.1340, 1.1470

Support Levels: 1.1200, 1.1075

Dow Jones, H4

The Dow Jones Industrial Average has extended its bullish run, breaking above the previous high of 42,580 and reinforcing its position within a strong upward channel. The breakout highlights intensified bullish sentiment, with the index now trading at record levels.

Momentum indicators align with the rally. The Relative Strength Index (RSI) is approaching overbought territory, while the MACD continues to rise steadily—both signaling that bullish momentum remains firmly intact. Should this trajectory persist, the index could be poised for further upside in the near term.

Resistance Levels: 43365.00, 45050.00

Support Levels: 41835.00, 40765.00