📊 EURUSD 31st December 2024 Daily Analysis Based on Main Key Levels

In this blog post, we provide a comprehensive analysis of EURUSD as of December 31, 2024. This analysis is essential for traders looking to make informed decisions based on current market conditions.

📍 Daily Current Market Price (DCMP)

The current market price for EURUSD is 1.04062. This serves as a critical reference point for identifying trading opportunities.

📉 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 1.04062, 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. Additionally, the swing high is at 1.06300, and the swing low is at 1.03430.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 1.03949

Stop Loss: ❌ 1.03793

Take Profit 1: 🎯 1.04062

Take Profit 2: 🎯 1.04123

📌 Reason for Entry

The price is approaching a key support level at 1.03949, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 1.04253

Stop Loss: ❌ 1.04454

Take Profit 1: 🎯 1.04062

Take Profit 2: 🎯 1.04427

📌 Reason for Entry

Resistance at 1.04253 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!