2024-12-19 14:55
IndustriyaEUR/USD Outlook: Range-Bound with Limited Action
Recent Price Action
After the FOMC meeting, the USD strengthened, pushing EUR/USD below the expected downside limit of 1.04. Support is now around 1.0330–1.0300, which is likely to hold in the short term.
Short-Term Outlook
If the support zone holds, EUR/USD could rebound towards 1.0400–1.0450.
Buy Opportunity (1.03–1.045)
Consider buying near the lower end of the 1.03–1.045 range, with a 30-pip stop loss and a target at the upper end of the range.
Strategy
Given the current range-bound market, it’s advisable to avoid taking large positions in either direction for now.
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Kevin Cao
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EUR/USD Outlook: Range-Bound with Limited Action
Hong Kong | 2024-12-19 14:55Recent Price Action
After the FOMC meeting, the USD strengthened, pushing EUR/USD below the expected downside limit of 1.04. Support is now around 1.0330–1.0300, which is likely to hold in the short term.
Short-Term Outlook
If the support zone holds, EUR/USD could rebound towards 1.0400–1.0450.
Buy Opportunity (1.03–1.045)
Consider buying near the lower end of the 1.03–1.045 range, with a 30-pip stop loss and a target at the upper end of the range.
Strategy
Given the current range-bound market, it’s advisable to avoid taking large positions in either direction for now.
Katulad 0
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