📊EURUSD 23rd December 2024 Daily Analysis Based on Main Key Levels

📍 Daily Current Market Price (DCMP)

As of today, the Daily Current Market Price (DCMP) for EURUSD is 1.04433. This price serves as a crucial reference point for traders.

📉 Key Levels

🛑 Resistance (Above DCMP)

Understanding resistance levels can help traders identify potential selling points. The key resistance levels for EURUSD are:

🛑Resistance 1: 1.05087

🛑Resistance 2: 1.05539

🛑Resistance 3: 1.06270

✅ Support (Below DCMP)

Support levels indicate where the price might find buying interest. The significant support levels for EURUSD are:

✅Support 1: 1.04356

✅Support 2: 1.03173

✅Support 3: 1.02442

📉 Swing Levels

Swing levels provide insight into potential price movements:

Swing High: 1.08098

Swing Low: 1.04532

💼 Intraday Buy Trade Setup

For traders looking to capitalize on potential upward movements, here is the suggested intraday buy trade setup:

Entry Price: ✨ 1.04356

Stop Loss: ❌ 1.04067

Take Profit 1: 🎯 1.04466

Take Profit 2: 🎯 1.04713

📌 Reason for Entry

The price is approaching a key support level at 1.04356, indicating a potential intraday buy opportunity. The first target is set at 1.04466, followed by 1.04713. The stop loss is positioned at 1.04067 to limit potential losses.

💼 Intraday Sell Trade Setup

For those considering a sell position, here’s the recommended intraday sell trade setup:

Entry Price: ✨ 1.05087

Stop Loss: ❌ 1.05113

Take Profit 1: 🎯 1.05539

Take Profit 2: 🎯 1.06270

📌 Reason for Entry

Resistance at 1.05087 suggests a potential sell setup. A short position from this level targets 1.05539 initially, followed by 1.06270. The stop loss is set at 1.05113 to mitigate risk.

💡 Summary

In summary, EURUSD is currently trading at 1.04433. The key resistance levels are 1.05087, 1.05539, and 1.06270, while support levels stand at 1.04356, 1.03173, and 1.02442. The swing high is at 1.08098 and the swing low is at 1.04532. An intraday buy is suggested at 1.04356 targeting 1.04466 and 1.04713, while an intraday sell is recommended at 1.05087 targeting 1.05539 and 1.06270.