IndustryEUR/USD Technical Outlook

The EUR/USD pair is currently exhibiting a bearish trend, with the price struggling to surpass the resistance levels. Here's a breakdown of the key technical indicators: Support Levels 1. 1.0350 2. 1.0300 3. 1.0250 Resistance Levels 1. 1.0400 2. 1.0440-1.0450 3. 1.0490 Technical Indicators - Relative Strength Index (RSI): Below 50, indicating a bearish trend - Simple Moving Averages (SMA): Price trading below the 20-period and 50-period SMA, reflecting bearish bias Outlook The EUR/USD pair is expected to continue its downward trajectory, with the price potentially testing the support levels. A break below the support levels could lead to further losses, while a rebound could see the price retest the resistance levels.

Bierkönig22

2025-01-08 17:12

Industryprice range for Eurusd

Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price a few moments ago declined inside the downward channel, where it broke the 1.0485 level, which coincided with the seller zone. Then price exited from the channel and continued to fall in a broadening wedge, and later reached a support level, which coincided with the buyer zone. Euro some time traded near and then started to grow to a resistance line of wedge. When the price reached this line, it turned around and started to decline. So, in a short time, the EUR declined to the 1.0345 support level, broke it, and declined to support line of the broadening wedge. But a not long time ago it turned around and rose to support level back. Also recently, the Euro broke this level and now trades very close, so, in my mind, the price can rise a little more, after which starts to decline. Firstly price can decline to the support level, break it, and make a retest, or at once continue to decline without retesting inside the broadening wedge. For this case, I set my TP at 1.0240 points. Please share this idea with your friends

Hassani7119

2025-01-08 17:11

IndustryRisk Management: proper capital allocation

Another key aspect is proper capital allocation, ensuring one failed trade doesn't jeopardize the health of your overall account. Without controlling the loss size on each trade, a single large loss could wipe out your entire account, leading to a "game over" situation. Equally important is avoiding emotional trading. Stick to your strategy and adjust based on real-time market conditions. If your gut tells you the market will rebound and you ignore your pre-set stop-loss and position size rules, and the market doesn't move as expected but instead continues to fall, you may find your position severely underwater, further amplifying your loss. Had you stayed calm and followed your strategy, your loss would have been contained within a manageable range. Emotional trading is often the root cause of losses, while strict risk management helps you stick to your plan and maintain stability in your trades. In conclusion, risk management is essential in Forex trading. It not only helps investors control losses but also provides a stable framework for profitable trading amidst market volatility. With effective risk management, investors can minimize unnecessary risks and ensure sustainable profits in the long run. A good risk management strategy will directly impact whether an investor can survive and succeed in this uncertain market.

Neuberger

2025-01-08 17:01

IndustryRisk Management: Turning Potential Into Profit

In Forex Trading, Without Effective Risk Management, You Risk Huge Losses and the Complete Depletion of Your Account. The Forex market is highly volatile, with various factors influencing currency fluctuations. Even experienced traders, without effective risk management, will struggle to turn their profits into tangible gains. One of the most important actions in risk management is setting stop-loss orders. Let's say you're a Forex trader deciding to trade EUR/USD. You analyze and predict the euro might rise, so you decide to go long (buy). Your target price is 1.1000, but you're concerned the market might experience a brief pullback. Therefore, you set a stop-loss at 1.0950, meaning if the market drops to 1.0950, your position will automatically close to prevent further losses.

Neuberger

2025-01-08 17:00

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