📊 EURUSD 26th December 2024 Daily Analysis Based on Main Key Levels

In this analysis, we will assess the current state of the EURUSD market, highlighting key price levels and potential trading strategies.

📍 Daily Current Market Price (DCMP)

The current market price for EURUSD is 1.04016. This serves as a crucial reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 1.05087

Resistance 2: 1.05539

Resistance 3: 1.06270

✅ Support (Below DCMP)

Support 1: 1.03625

Support 2: 1.03173

Support 3: 1.02442

📉 Swing Levels

Swing High: 1.06300

Swing Low: 1.03439

Summary of Analysis

The EURUSD market is currently positioned at 1.04016. Key resistance levels above this price include 1.05087, 1.05539, and 1.06270. The support levels below this price are 1.03625, 1.03173, and 1.02442. The swing high is at 1.06300, and the swing low is at 1.03439.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 1.03625

Stop Loss: ❌ 1.03500

Take Profit 1: 🎯 1.03800

Take Profit 2: 🎯 1.04000

📌 Reason for Entry

The price is approaching a key support level at 1.03625, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 1.04356

Stop Loss: ❌ 1.04500

Take Profit 1: 🎯 1.04100

Take Profit 2: 🎯 1.04000

📌 Reason for Entry

Resistance at 1.04356 suggests a potential selling opportunity, with targets set below this level.

💡 Conclusion

This analysis provides a concise overview of key levels and trade opportunities for EURUSD. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!