Hong Kong
2024-12-20 14:31
IndustriEU : Monitoring Key Support for a Possible Rebound
Recent Price Action
EUR/USD initially climbed to 1.0422 but failed to sustain momentum, reversing to trade lower.
Key Support and Resistance Levels
The critical support zone lies at 1.0330–1.0300. This region will determine whether the euro can find a bottom and start a new rebound or continue its downward movement.
If the support holds, the pair could rebound toward 1.0450 in the coming days.
Buy Opportunity (1.03–1.045)
Consider buying near the lower end of the 1.03–1.045 range, with a 30-point stop loss and a target at the upper end.
Strategy
Focus on price action near the 1.0330–1.0300 support area. Look for signs of stabilization to confirm a rebound, while a decisive break below the support would call for a cautious approach.
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EU : Monitoring Key Support for a Possible Rebound
Hong Kong | 2024-12-20 14:31
Recent Price Action
EUR/USD initially climbed to 1.0422 but failed to sustain momentum, reversing to trade lower.
Key Support and Resistance Levels
The critical support zone lies at 1.0330–1.0300. This region will determine whether the euro can find a bottom and start a new rebound or continue its downward movement.
If the support holds, the pair could rebound toward 1.0450 in the coming days.
Buy Opportunity (1.03–1.045)
Consider buying near the lower end of the 1.03–1.045 range, with a 30-point stop loss and a target at the upper end.
Strategy
Focus on price action near the 1.0330–1.0300 support area. Look for signs of stabilization to confirm a rebound, while a decisive break below the support would call for a cautious approach.
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