2024-12-16 16:19
IndustryEUR/USD: Medium-Term Outlook and Trading Strategy
Recent Price Action
Last Friday, EUR/USD tested 1.0453, confirming expectations of a drop toward 1.04 before attempting any rebound.
Short-Term Outlook
If the current upward momentum continues, the pair could test the 1.0550-1.0600 range in the coming days.
Medium-Term Outlook
A strong breakout above 1.0600 is required for a bullish medium-term outlook. On the downside, EUR/USD is expected to remain confined within the 1.0450-1.0400 range.
Trading Strategy
Sell Entry: Consider selling at the upper boundary of the 1.058–1.043 range.
Stop Loss: Place a strict 30-point stop loss.
Target: Aim for the lower boundary of the range.
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EUR/USD: Medium-Term Outlook and Trading Strategy
Hong Kong | 2024-12-16 16:19
Recent Price Action
Last Friday, EUR/USD tested 1.0453, confirming expectations of a drop toward 1.04 before attempting any rebound.
Short-Term Outlook
If the current upward momentum continues, the pair could test the 1.0550-1.0600 range in the coming days.
Medium-Term Outlook
A strong breakout above 1.0600 is required for a bullish medium-term outlook. On the downside, EUR/USD is expected to remain confined within the 1.0450-1.0400 range.
Trading Strategy
Sell Entry: Consider selling at the upper boundary of the 1.058–1.043 range.
Stop Loss: Place a strict 30-point stop loss.
Target: Aim for the lower boundary of the range.
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