Daily Technical Analysis of the Euro/Dollar and Trading Opportunities

In the days before the price drop that started at 1.1200, the area around 1.1700 served as a haven of relative calm. This calm did not last for very long, however.

After a good SELL Entry was offered on the prior upward rise, the price zone around 1.1500 quickly exerted significant SELLING pressure.

When a good SELL Entry developed on the preceding upward rise, this happened. This occurred right after a solid SELL Entry had been presented on the prior rising trend that was continuing on its path. Inching upwards, this escalation was headed in the general direction of the price zone.

After that point in time, the EUR/USD pair began trading at lower values and has remained at lower levels ever since, with the highest level ever reached being 0.9600 and previous highs being 1.0850, 1.0400, and 1.0000.

Sellers will keep applying pressure to the market until a strong upward momentum breaks through 1.0000. It's conceivable that this state of affairs will last for a while. The existing state of affairs is very likely to persist for a very long period.

Price action that moves the pair closer to 0.9500 should be closely watched for signs of additional buying pressure until then.

This must be done at all times whatever the direction in which prices are moving. This is because this area has the potential to kick off a fresh positive trend.

Keeping a keen eye out for signs that anything like this might be happening is, thus, crucial.

Comments

If the Federal Reserve doesn't do this, the U.S. economy and S&P 500 will have a hard landing.

The biggest reason to be hopeful that a recession caused by the Federal Reserve can be avoided next year was just taken away. In September and October, hourly pay went up, and in November, it went up even more. This pushed wage growth far above the range that is in line with the Fed's 2% inflation target. Nearly everyone agrees that the Fed needs to raise its inflation target, at least in practice, if the U.S. economy is to avoid a hard landing and a bigger drop for the S&P 500. The Fed might be willing to do this, but the economy would still need to cool down more before they stop raising interest rates. "The 2% inflation target is a lot more flexible than the Fed lets on," RSM chief economist Joe Brusuelas told IBD. "I don't think there's any constituency out there for the bloodletting that would be necessary." Brusuelas thinks that for inflation to return to 2%, the Fed would have to raise unemployment to 6.7%. But most of the way to 3% inflation ...

Accumulate Wealth: Strategies for Effective Financial Resource Management

In today's ever-changing business landscape, the skillful management of financial resources stands as a paramount concern for organizations striving to prosper and achieve success. Financial resources serve as the lifeblood of any enterprise, empowering them to invest, operate, and grow. This comprehensive article delves deep into the concept of Financial Resources, shedding light on what they are and offering insights into effective management strategies. While the keyword " where to accumulate wealth " is relevant to financial planning, this article primarily focuses on the broader concept of financial resources and their management within the business context. Understanding Financial Resources Financial resources encompass the funds and assets that an organization employs to finance its operations, projects, and investments. These resources exist in various forms, including cash, accounts receivable, investments, and more. Managing these resources effectively can ma...

SEBI's role in Indian forex trading

India allows currency trading. Indians can trade FX online with several firms. Forex trading in India is regulated by legislation. RBI is India's principal forex regulator. The RBI regulates forex trading strictly. Indians can't trade FX on margin. Forex brokers in India cannot offer leveraged trading. Leverage lets traders trade with more money than they have. In India, forex brokers can only offer 1:50 leverage. India's Sebi regulates forex trading. Sebi regulates India's Forex market. Sebi regulates India's financial institutions, including Forex. Sebi's Forex laws safeguard investors and maintain a fair, transparent market. Explaining India's Regulators The Reserve Bank of India (RBI) created the Foreign Exchange Management Act (FEMA) of 1999. Regulating India's financial sector. India's Reserve Bank oversees foreign exchange operations (RBI). SEBI regulates India's stock market. India's forex brokers have FEMA licenses. SEBI-regulated br...

Search This Blog