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Allene Mckamey YDLS
@talkinbytes14
Crypto Enthusiast & Trader. Stay updated with market insights and Analysis.
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Thursday Mission
The Federal Reserve's decision to maintain high interest rates to control inflation is bolstering the USD, which directly impacts EUR/USD trading.
With this in mind, you might consider taking short positions in EUR/USD, anticipating a stronger dollar.
Here's a quick strategy guide:
Downside Alert: If EUR/USD falls below 1.0920 and then 1.0880, be prepared for a further drop towards 1.0850.
Upside Potential ✓: On the other hand, if it climbs past the 1.0950 to 1.0960 resistance area, look for a move up towards 1.1000 or possibly 1.1020.
Keep these levels in mind for strategic trading moves based on the Fed's approach and the resulting USD strength.
Share your thoughts 💭
The Federal Reserve's decision to maintain high interest rates to control inflation is bolstering the USD, which directly impacts EUR/USD trading.
With this in mind, you might consider taking short positions in EUR/USD, anticipating a stronger dollar.
Here's a quick strategy guide:
Downside Alert: If EUR/USD falls below 1.0920 and then 1.0880, be prepared for a further drop towards 1.0850.
Upside Potential ✓: On the other hand, if it climbs past the 1.0950 to 1.0960 resistance area, look for a move up towards 1.1000 or possibly 1.1020.
Keep these levels in mind for strategic trading moves based on the Fed's approach and the resulting USD strength.
Share your thoughts 💭
#$WATCH OUT ⌚ #EURUSD #Thursday #UPDATE
Big News! 👉 U.S. private employers are hiring more than we thought 💭. In December, they added 164,000 jobs - way more than the 115,000 expected by experts.
This is a big jump 🦘 from November's 101,000 jobs.
This shows that the job market is still strong which might make the Federal Reserve think twice about lowering interest rates soon.
The next big release is the December NonFarm payrolls report coming out Friday.
This has implications for the EUR/USD price target so we'll remind you in case you missed. If #EURUSD dips below 1.0920 and then further past 1.0880, you should watch for a potential drop towards 1.0850, a key technical level.
Conversely, if the #EURUSD starts climbing and breaks past the 1.0950 to 1.0960 resistance zone, it could head towards 1.1000 or even 1.1020.
All eyes on NFP Tomorrow. BULLISH ? 🫢
Big News! 👉 U.S. private employers are hiring more than we thought 💭. In December, they added 164,000 jobs - way more than the 115,000 expected by experts.
This is a big jump 🦘 from November's 101,000 jobs.
This shows that the job market is still strong which might make the Federal Reserve think twice about lowering interest rates soon.
The next big release is the December NonFarm payrolls report coming out Friday.
This has implications for the EUR/USD price target so we'll remind you in case you missed. If #EURUSD dips below 1.0920 and then further past 1.0880, you should watch for a potential drop towards 1.0850, a key technical level.
Conversely, if the #EURUSD starts climbing and breaks past the 1.0950 to 1.0960 resistance zone, it could head towards 1.1000 or even 1.1020.
All eyes on NFP Tomorrow. BULLISH ? 🫢
BTC Targets $48k
Happy 2024 🎊 This year I wish to see you crushing your goals, no matter what. Getting in shape? Becoming profitable ? Removing bad habits ? Then you've to find a way to deal with it.
And speaking of goals, bitcoin is certainly setting its own with an impressive 7% rally, breaking the $45000 for the first time in 20 months.
That's a strong start to the year. The buzz is all about imminent approval of a spot Bitcoin ETF by the US securities regulator. Watching the price action very closely and barring any bad news, the next target is $48k.
Did you invest during the holidays ?
Happy 2024 🎊 This year I wish to see you crushing your goals, no matter what. Getting in shape? Becoming profitable ? Removing bad habits ? Then you've to find a way to deal with it.
And speaking of goals, bitcoin is certainly setting its own with an impressive 7% rally, breaking the $45000 for the first time in 20 months.
That's a strong start to the year. The buzz is all about imminent approval of a spot Bitcoin ETF by the US securities regulator. Watching the price action very closely and barring any bad news, the next target is $48k.
Did you invest during the holidays ?