📊 EURUSD 24th December 2024 Daily Analysis Based on Main Key Levels

In today’s analysis, we will delve into the current state of the EURUSD market, focusing on critical price levels and potential trading opportunities.

📍 Daily Current Market Price (DCMP)

The current market price for EURUSD is 1.03958. This serves as a critical reference point for assessing 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

The EURUSD pair is currently positioned at 1.03958. Key resistance levels above the DCMP are 1.05087, 1.05539, and 1.06270. The support levels below the DCMP are 1.03525, 1.03173, and 1.02442. 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: 🎯 1.04123

Take Profit 2: 🎯 1.04356

📌 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: ❌ 1.04742

Take Profit 1: 🎯 1.05087

Take Profit 2: 🎯 1.05539

📌 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!