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Eurusd-4

EURUSD What Next? BUY! My dear friends, Please, find my technical outlook for EURUSD below: The instrument tests an important psychological level 1.0297 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.03353 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURO - Price can fall to support line of channel and bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price declined inside wedge, where it broke $1.0770 level and declined to $1.0335 level. Then price turned around and bounced up, making a gap and exited from wedge, after which continued to fall in channel. Inside falling channel, Euro rose to resistance line first and then bounced and dropped to $1.0335 level. After this movement, price some time traded near this level inside resistance area and even later fell to support line of channel. Euro tried to back, but when it entered to resistance area, it at once turned around and fell back. Now, I think that Euro can fall to support line of channel and then bounce up to $1.0450, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
GBP/USD Trendline BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a Strong Trendline . This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2390 2nd Support – 1.2332 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
41
XAU/USD : Ready for LONG? (READ THE CAPTION)Based on the 4-hour gold chart analysis, we observe that the price followed the second scenario from the previous analysis. Failing to break and hold above $2662, it experienced a deeper pullback, correcting down to $2625. Currently, gold is trading around $2633, and if it manages to hold above $2626, we can expect further upside potential. The possible targets for this upward movement are $2638, $2647, and $2656. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
9
Preserving Wealth: Essential Investment StrategiesHave you realized that your dollars or euros don't buy what they used to? Inflation, the quiet thief of purchasing power, has become a pressing issue for both individuals and investors. In November 2024, the annual inflation rate in the United States increased to 2.7%, marking its second consecutive rise, while inflation in the eurozone reached 2.2%. Though these figures may appear modest, even slight upticks in inflation can significantly reduce the value of your savings and investments over the long haul. United States Inflation Rate YoY (ECONOMICS:USIRYY) The Basics of Inflation and Its Effects Inflation transpires when the overall price level of goods and services rises, diminishing the purchasing power of money. If left unchecked, it can undermine the real value of your assets and complicate your financial aspirations. In such a climate, cultivating strategies to hedge against inflation becomes vital. Effective inflation hedging allows individuals to safeguard their assets, maintain their value, and even potentially grow their wealth during times of rising prices. This article delves into several of the most potent inflation hedges, such as equities, global diversification, real estate, precious metals. Each approach carries distinct advantages for protecting your portfolio from the pressures of inflation. Equities: A Reliable Defense Against Inflation Historically, stocks have emerged as one of the most effective long-term instruments for mitigating inflation. Companies often adapt to increasing costs by raising prices, allowing them to sustain profitability. By investing in shares of these companies, individuals can benefit from their ability to pass on costs, which helps preserve and potentially grow their investments during inflationary stretches. Certain sectors are particularly adept at thriving in inflationary climates. Consumer staples—essential goods such as food, beverages, and household products—tend to perform consistently because demand remains steady regardless of price hikes. Similarly, energy stocks often benefit from inflation, as rising oil and gas prices can directly enhance profits for firms in that sector. However, not every stock is an ideal candidate. It is essential to select high-quality companies with solid fundamentals, such as stable earnings, healthy balance sheets, and notable pricing power. Firms operating in industries with limited competition or significant barriers to entry often demonstrate stronger pricing capabilities, making them attractive choices during inflationary periods. By integrating thoughtfully chosen equities into your portfolio, you can protect your wealth while positioning yourself for long-term success. Stocks remain a foundational element of effective inflation-hedging strategies, offering both growth potential and a buffer against the dwindling purchasing power of money. Equity Growth Potential: Stocks tend to grow in value over the long term, often outpacing inflation. When inflation rises, companies can increase prices to maintain profit margins, which can lead to higher earnings and, eventually, stock prices. Investing in indices that reflect a broad range of companies, like the S&P 500, can provide exposure to this growth potential. Indices, such as the S&P 500, are statistical measures that track the performance of a specific group of stocks, representing a particular segment of the financial market. The S&P 500, for instance, comprises 500 of the largest publicly traded companies in the United States, covering various industries. This index serves as a benchmark for the overall performance of the U.S. stock market and provides investors with insights into market trends, economic health, and the performance of large-cap stocks. Indices are commonly used by investors to gauge market movements, assess investment strategies, and create diversified portfolios. They can be passive investment vehicles, such as index funds or exchange-traded funds (ETFs), which aim to replicate the performance of these indices, allowing investors to benefit from broad market exposure without needing to buy individual stocks directly. S&P500 Weekly chart From 2009 till today Read also: Global Diversification: Mitigating Risks Across Borders Inflation does not affect all economies with the same intensity; thus, diversifying investments internationally can serve as a powerful buffer against rising prices. By tapping into global markets, investors can shield their assets from localized inflation while gaining exposure to regions with robust economic prospects or consistently stable inflation rates—enhancing the overall performance of their portfolios. Emerging markets, in particular, present compelling opportunities during inflationary periods. Characterized by expanding sectors and rising middle classes, these economies often offer higher returns than developed nations, especially when inflation diminishes the purchasing power of domestic assets. Resource-rich countries generally benefit as commodity prices climb, propelling economic growth and creating appealing investment opportunities. International diversification also affords the benefit of currency diversification. By holding investments in multiple currencies, you gain exposure to exchange rate fluctuations that can mitigate the adverse effects of inflation. For example, if your home currency depreciates due to rising inflation, foreign assets denominated in stronger currencies may increase in value, acting as a natural hedge. Furthermore, currencies from economies with stable monetary policies can provide additional protection against inflationary pressures. By spreading investments across diverse global markets, sectors, and currencies, you not only reduce inflation risks but also position yourself to capitalize on a range of economic dynamics. Global diversification stands out as one of the most effective defenses against inflation in today’s interconnected economy. Real Estate: A Tangible Investment with Upside Potential Real estate is widely recognized as one of the most effective assets during inflationary times. As a physical investment, real estate not only preserves value but often appreciates over time, frequently outpacing inflation rates. This makes it a potent hedge against inflation for both preserving and expanding wealth. One key advantage of real estate lies in its capacity to generate rental income. In times of inflation, landlords can often increase rents to keep pace with rising costs, ensuring that their income grows along with inflation. This reliable cash flow becomes especially resilient during economic uncertainty. Additionally, property values typically increase in correlation with inflation, driven by higher costs of construction materials, labor, and land. Investors who retain real estate during inflationary periods frequently observe a rise in asset values, granting both protection against inflation and opportunities for long-term gains. For those preferring a hands-off investment experience, Real Estate Investment Trusts (REITs) present an excellent alternative. REITs allow individuals to invest in a diversified array of real estate assets—such as commercial buildings, residential properties, and infrastructure projects—without the need for active management. These trusts generally perform well during inflation as they benefit from both rising property values and increasing rental income. Moreover, real estate provides the added benefit of leveraging investments. By using borrowed funds to acquire property, investors can amplify their returns during inflation, as the value of their assets appreciates while the real costs of debt are diminished by inflation. Precious Metals: A Time-Honored Financial Shield Gold and other precious metals have stood the test of time as reliable hedges against inflation. During economic uncertainty and rising prices, these assets frequently prove their worth as safe havens. Unlike fiat currencies, which may depreciate during inflation, precious metals tend to maintain or appreciate in value, making them essential components of a diversified portfolio. Gold's longstanding appeal stems from its ability to preserve purchasing power. When inflation erodes the value of paper money, gold often rises in price, acting as a shield against financial instability. Its widespread recognition as a store of value further enhances its reliability during periods of economic fluctuation. Investors can obtain exposure to gold in various forms, including physical assets like bullion and coins, which provide tangible ownership, as well as Gold ETFs (Exchange-Traded Funds) that allow trading without logistical concerns of storage. Furthermore, gold mining stocks can offer leveraged exposure to the metal; as gold prices rise, mining companies typically see their profit margins expand, making their stocks potentially lucrative investments. Emerging alongside these traditional forms is digital gold, allowing investors to purchase fractional amounts of gold online. This modern strategy combines the ease of ETFs with the security of owning physical gold, appealing to those looking to diversify with smaller investments. Gold also plays a unique role in market psychology. Its historical significance and status as a "crisis commodity" render it a go-to asset during geopolitical tensions or economic downturns. Incorporating precious metals into your investment approach—whether through physical assets, ETFs, mining stocks, or digital gold—enables effective shielding of your wealth from inflation while providing the flexibility to adapt to market shifts. Gold Futures Weekly chart from 2010 till now. Conclusion Inflation, while often gradual and subtle, can have a profound effect on your financial stability. By adopting astute investment strategies that hedge against inflation—such as investing in stocks, diversifying internationally, acquiring real estate, holding precious metals. As economic conditions change, staying informed and proactive will empower you to navigate and thrive in challenging environments. With the right strategies, you can not only keep pace with inflation but also secure a brighter financial future. ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Education
by FOREXN1
3
Euro can break support level and drop to 1.0240 points in wedgeHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price a few moments ago declined inside the downward channel, where it broke the 1.0485 level, which coincided with the seller zone. Then price exited from the channel and continued to fall in a broadening wedge, and later reached a support level, which coincided with the buyer zone. Euro some time traded near and then started to grow to a resistance line of wedge. When the price reached this line, it turned around and started to decline. So, in a short time, the EUR declined to the 1.0345 support level, broke it, and declined to support line of the broadening wedge. But a not long time ago it turned around and rose to support level back. Also recently, the Euro broke this level and now trades very close, so, in my mind, the price can rise a little more, after which starts to decline. Firstly price can decline to the support level, break it, and make a retest, or at once continue to decline without retesting inside the broadening wedge. For this case, I set my TP at 1.0240 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
7
All-In is for Poker: Why Reckless Risks Will Wreck You!Let me ask you something: when did “winging it” become a trading strategy? Because if you’re going all-in on trades like you’re sitting at a poker table, I’ve got news for you—you’re not trading. You’re gambling. And the market? It’s not your Vegas playground. It’s the ultimate battleground. 🛡️📉 The “all-in” mentality might feel bold, even exhilarating, but here’s the harsh reality: it’s a financial death wish. It’s a shortcut to blowing your account faster than you can say, “I should’ve stuck to my plan.” Trading is a game of strategy, discipline, and survival—not a coin flip for adrenaline junkies. 🚨 The Reality Check No One Wants to Hear The market isn’t your buddy. It doesn’t cheer for you, it doesn’t care about your hunches, and it sure as hell doesn’t reward recklessness. Think of it like a silent predator, waiting for you to make a dumb move. And trust me, “all-in” is the dumbest move of all. Why? Because trading isn’t about swinging for the fences. It’s about consistency. It’s about risk management. It’s about staying in the game long enough to win. You can’t do that when you’re betting the farm on every trade. The pros understand this. They play the probabilities. They protect their capital like their life depends on it—because in this game, it does. Meanwhile, the all-in gamblers? They’re the ones crying on Reddit about how the market is rigged. Spoiler: it’s not. They just suck at trading. Join Our Discord: edge.forex 🎯 The Smart Trader’s Mindset So, how do you avoid the gambler’s trap? Simple: treat trading like the skill game it is. Here’s the cheat code: 1️⃣ Risk Like a Pro: Never risk more than 1-2% of your account on a single trade. If that sounds boring, good. Trading isn’t supposed to be exciting. 2️⃣ Plan It Out: Every trade needs a game plan. Where are you entering? Exiting? What’s your stop-loss? If you don’t know, don’t trade. 3️⃣ Detach Your Ego: You’re not a genius. You’re not a wizard. You’re a trader, and the market doesn’t care about your feelings. Stay humble, or the market will humble you. 4️⃣ Play the Long Game: This isn’t about hitting a home run. It’s about grinding out consistent wins. Small victories compound over time. Big risks blow up your account. 🧠 Master the Game or Get Played Here’s the takeaway: the market rewards discipline, not drama. It’s a marathon, not a sprint. And if you’re out here treating it like a casino, don’t be surprised when you walk away broke. Trading is a skill. It’s a craft. And like any craft, it requires patience, practice, and a willingness to learn. So, ditch the gambler’s mindset and start thinking like a strategist. Your future self—and your bank account—will thank you. 🔥 Over to You What’s the riskiest trade you’ve ever made? Did it pay off, or did it blow up in your face? Drop your war stories in the comments below—I want to hear about your wins, your losses, and the lessons you’ve learned along the way. Let’s trade smarter, not harder. 💬 And hey, if this post slapped some sense into you (or someone you know), share it. Let’s save a few accounts before they go all-in on another “sure thing.” 🙄 Remember: the market doesn’t play games, so neither should you. Play smart. Stay sharp. 🦾
Education
by RoadToAMillionClub
EURGBP Breaking Resistance: Turning Challenges into OpportunityThe forex pair EURGBP is currently trading at 0.83300, with a target price set at 0.84500. This suggests a potential upward movement of over 100 pips. The analysis is based on the support and resistance pattern, a widely used technical analysis method. The main resistance level appears to be breaking, indicating bullish momentum. A breakout above the resistance often signifies increased buying pressure and potential for further price increases. Traders might consider this breakout a signal to enter long positions. However, the accuracy of this setup depends on the strength of the breakout and market conditions. It’s essential to monitor for false breakouts, which can lead to reversals. Risk management strategies, such as stop-loss orders, should be in place. Overall, this setup suggests a favorable risk-to-reward ratio for a bullish trade.
Long
by AndrewsMarket-Mastery
Will History Repeat as Major Currencies Dance Toward Parity?In a dramatic shift that has captured the attention of global financial markets, the euro-dollar relationship stands at a historic crossroads, with leading institutions forecasting potential parity by 2025. This seismic development, triggered by Donald Trump's November election victory and amplified by mounting geopolitical tensions, signals more than just a currency fluctuation—it represents a fundamental realignment of global financial power dynamics. The confluence of diverging monetary policies between the U.S. and Europe and persistent economic challenges in Germany's industrial heartland has created a perfect storm in currency markets. European policymakers face the delicate task of maintaining supportive measures. At the same time, their American counterparts adopt a more cautious stance, setting the stage for what could become a defining moment in modern financial history. This potential currency convergence carries implications far beyond trading desks. It challenges traditional assumptions about economic power structures and reevaluates global investment strategies. As geopolitical tensions escalate and economic indicators paint an increasingly complex picture, market participants must navigate a landscape where historical precedents offer limited guidance. The journey toward potential parity serves as a compelling reminder that in today's interconnected financial world, currency movements reflect not just economic fundamentals but the broader forces reshaping our global order. Conclusion The current landscape presents unprecedented challenges for the EUR/USD pair, driven by economic fundamentals and geopolitical tensions. One significant concern is the potential release of sensitive footage from Israel (by the Israeli National Security Agency (NSA) from Hamas body cameras, containing graphic atrocities from the October 7th incident.), which could threaten European stability. These developments go beyond simple market dynamics and have the potential to reshape the social and political fabric of Europe. Market professionals emphasize the importance of adaptable strategies and the vigilant monitoring of key indicators. Investors must prepare for increased volatility while maintaining strong risk management frameworks. The pressure on the euro-dollar relationship is likely to persist, making strategic positioning and careful market analysis more crucial than ever in navigating these turbulent waters.
Short
by UDIS_View
EURUSD Is Bearish! Sell! Please, check our technical outlook for EURUSD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.031. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.026 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Fundamental Market Analysis for January 8, 2024 EURUSDEvents to pay attention to today: 15:15 EET. USD - ADP Non-Farm Employment Change 21:00 EET. USD - FOMC Meeting Minutes EURUSD: On Tuesday, the EUR/USD exchange rate declined against the US dollar, falling by four-tenths of a percentage point after a failed recovery to 1.04000. The pair is currently trading below last week's 26-month low, but the difference is minimal. Market analysts are optimistic about a reversal, as the Federal Reserve continues to recover towards 1.02000. The European Harmonised Index of Consumer Prices (HICP) was published in line with expectations, with the annual HICP for the year ending December rising slightly to 2.4% y/y from the previous reading of 2.2%.However, much of the upward pressure in European inflation figures appears to be either embedded in older figures or related to non-structural items, giving Euro traders some hope that things will continue to improve. In contrast, the US ISM Services Purchasing Managers' Index (PMI) business activity survey and the ISM Services price data for December were both weaker than expected, raising concerns among market participants that the Federal Reserve (Fed) may not be able to deliver as many rate cuts in 2025 as investors had originally anticipated. In the US, the agenda for the upcoming trading session includes the release of December ADP employment change data and the minutes of the Federal Reserve's latest meeting. While ADP employment data is not considered a reliable predictor of Friday's Non-Farm Payrolls (NFP) data, traders are not overreacting to significant deviations from forecasts.Investors will be looking for any indications that could potentially lead to a rate cut before June, which includes a notable softening of the labour market. Trading recommendation: Trading mainly by Sell orders from the current price level.
Short
by Fresh-Forexcast2004
EURUSD H1 | Bearish ReversalBased on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.0376, which is a pullback resistance close to a 50% Fibonacci retracement. Our take profit will be at 1.0308, a pullback support level close to a 61.8% Fibo retracement. The stop loss will be at 1.0437, a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
GBP/USD Holds Key Level Amid US Data WatchCurrently, GBP/USD is attempting to hold above the 1.2500 level after hitting an intraday high of 1.2575, but pressure from a strengthening US Dollar, driven by positive economic data, has capped further gains. A sustained move above this level could pave the way for new bullish targets, with the first resistance area at 1.2620-1.2630, corresponding to the 61.8% Fibonacci retracement, followed by 1.2700, which aligns with the 78.6% retracement level. On the downside, the first significant support stands at 1.2302. The recent strength of the Pound has been supported by broad-based USD weakness earlier this week, driven by improved market sentiment, which reduced demand for the greenback as a safe-haven currency. However, risk flows could be influenced by upcoming US macroeconomic data. Traders are focused on December’s ISM Services PMI and JOLTS job openings data. A reading above 50 has strengthened the Dollar, signaling expansion in the services sector.
Short
by Forex48_TradingAcademy
1
EURUSD Buy signal on (4h)EURUSD is trading inside a Channel Down and is pulling back on the (4h) time frame after a double top near the MA200 (4h). The crossing under the MA50 (4h) is following a pattern similar to December 2nd, which turns it now into a buy opportunity. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.04500 (MA200 4h and under the +2.88% move that December did). Tips: 1. The RSI (4h) is approaching the 40.00 level of the December 2nd bounce. Additional buy signal. Please like, follow and comment!!
Long
by TradingBrokersView
Bullish bounce off 50% Fibonacci support?EUR/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.0335 Why we like it: There is a pullback support that aligns with the 50% Fibonacci retracement. Stop loss: 1.0265 Why we like it: There is a pullback support level. Take profit: 1.0442 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
EURUSD ANALYSIS IS READY TO FLY IT IS POSSIBLE This EUR/USD 4-hour chart analysis highlights the following key components: 1. Downtrend Channel: The price has been trading within a bearish descending channel, marked by the shaded area. This indicates a prevailing downtrend. 2. Key Resistance Zones: 1.04018 to 1.04699 (Stop Loss Area): The red zone marks a significant resistance level. Breaking above this zone could invalidate the bearish outlook. 3. Key Support Levels: 1.02934 and 1.02092: These yellow lines represent potential bounce zones within the current range. They are crucial for continuation of the bearish movement. Target Zone at 1.01994: A major support level where the price could potentially move if the bearish momentum continues. 4. Potential Price Movement: The white arrows depict possible price action, suggesting range-bound movement between the resistance and support levels before a potential breakout downward toward the target zone. 5. Trading Strategy: Sell Position: Open near resistance levels (1.04018–1.04699) with a stop loss above 1.04699. Target: Focus on the support levels (1.02092 or 1.01994). Range Trading: Traders can exploit price bounces between 1.02934 and 1.02092 for short-term gains. This analysis supports a bearish bias, emphasizing cautious monitoring of the key zones for trading opportunities.
Short
by Mr_Ethan1