📊 EURUSD 2nd January 2025 Daily Analysis Based on Main Key Levels

In the world of forex trading, understanding key levels is crucial for making informed decisions. This analysis focuses on the EURUSD pair as of January 2, 2025, highlighting the current market price and significant resistance and support levels.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 1.04427

Resistance 2: 1.04575

Resistance 3: 1.04814

✅ Support (Below DCMP)

Support 1: 1.03949

Support 2: 1.03801

Support 3: 1.03562

📉 Swing Levels

Swing High: 1.06300

Swing Low: 1.03430

📋 Summary of Analysis

As of the current market price of 1.03686, key resistance levels above this price include 1.04427, 1.04575, and 1.04814. The support levels below this price are 1.03949, 1.03801, and 1.03562. The swing high is at 1.06300, and the swing low is at 1.03430.

💼 Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 1.03562

Stop Loss: ❌ 1.03431

Take Profit 1: 🎯 1.03949

Take Profit 2: 🎯 1.04047

📌 Reason for Entry

The price is approaching a key support level at 1.03562, indicating a favorable buying opportunity based on technical analysis.

📉 Intraday Sell Trade

Entry Price: ✨ 1.03801

Stop Loss: ❌ 1.03949

Take Profit 1: 🎯 1.04427

Take Profit 2: 🎯 1.04575

📌 Reason for Entry

Resistance at 1.03801 suggests a potential selling opportunity, with targets set above 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! 🚀