📊EURUSD 28th December 2024 Weekly Analysis Based on Main Key Levels

In this blog post, we provide a comprehensive analysis of the EURUSD market as of December 28, 2024. This analysis focuses on key price levels and potential trading strategies to help traders navigate the current market environment.

📍 Daily Current Market Price (DCMP)

The current market price for EURUSD is 1.04266. 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: 1.03525

Support 2: 1.03173

Support 3: 1.02442

📉 Swing Levels

Swing High: 1.06300

Swing Low: 1.03430

Summary of Analysis

As of now, the EURUSD market is positioned at 1.04266. The key resistance levels above this price include 1.05087, 1.05539, and 1.06270. The support level below this price is 1.03525. The swing high is at 1.06300, and the swing low is at 1.03430.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 1.03525

Stop Loss: ❌ 1.03430

Take Profit 1: 🎯 1.04000

Take Profit 2: 🎯 1.04200

📌 Reason for Entry

The price is approaching a key support level at 1.03525, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 1.04356

Stop Loss: ❌ 1.04539

Take Profit 1: 🎯 1.04000

Take Profit 2: 🎯 1.03800

📌 Reason for Entry

Resistance at 1.04356 suggests a potential selling opportunity as it aligns with the technical analysis, providing clear targets below this level.

Conclusion

This analysis provides a crisp 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!