eurusd daily strategic outlook 2024

🔸Hello guys, today let's review daily price chart for eurusd. Ongoing accumulation
in progress since 2023, strong chart overall. Trading in well-defined range since
Jan 2023, therefore it's best to focus on trading near range highs/lows.

🔸Range lows defined at 0640 , range highs set at 0960, premium prices overhead
at 1020 and 1080 and premium prices below at 0580 and 0480. Short-term /
mid-term outlook: expecting more weakness before reversal / short-term traders
can short sell rips/rallies targeting premium prices below / range lows at 0640.

🔸We are trading in well-defined range since January 2023, current risk/reward
is slowly shifting in bulls favor, however it's too early to enter on BUY side.

🔸Recommended strategy position traders: bears focus on short selling rips/rallies,
targeting range lows at 0640, bulls should wait for price to complete correction
near range lows / premium prices, best reload bulls is near 0580/0600, bulls
will target re-tests of range highs / 1000 (+400 pips). great risk/reward on buy side
as we are closing in on strong horizontal supports. swing trade setup, patience required.

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Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

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