Now that 2024 has concluded, EUR/USD has ended the year at its lowest point, marking a 7% decline from January and a 9% drop from its summer peak. Most notably, the pair fell 6% since November—a significant move for such a typically stable currency pair, highlighting strong bearish momentum. Technical Analysis On the daily chart, the EUR/USD has shown a steady downtrend since its double top in August and September. Every meaningful reversal attempt was met with selling pressure, leading to a quick resumption of the downward trajectory. https://www.tradingview.com/x/zPkKQBy3/ The long-term (monthly) chart paints an even grimmer picture. The pair has been in a clear downtrend since its 2008 peak of 1.60, and it now sits precariously on critical support levels from the 2015 and 2017 lows. Fundamental Outlook The fundamentals align with the technical bearish trend. Diverging monetary policies and a bleak economic outlook for the EU add to the pair's struggles. Conclusion: Given these conditions, a drop below parity appears likely in the coming year. The most prudent trading strategy for EUR/USD is to sell into rallies and wait for further declines. My target is 0.95, but, to be honest, I would not be very surprised by 0.9
it has bounced from demand zone of around 500 level. it has to sustain above 50DMA. it has not made higher highs or higher lows for trend change.
Cup & Handle Pattern RSI Above 60 Daily / Weekly / Monthly 718 Resistance breaks Support 702 Expected Level 773 / 875 / 915
MOVE is in a critical point. Looks ready to make his UP move. Bullish.
Happy New Year, crypto and trading Triends! I hope you celebrated well! Now it’s time to get serious. I see a short-term opportunity in SOL, with up to 5% upside potential. Here’s why: Trading below all major moving averages: 50, 100, and 200-day. Positioned near the lower Bollinger Bands line, suggesting potential oversold conditions. Close to the bottom trendline, which could act as a critical support level. SOL remains a fundamentally strong asset, and we’ve observed significant interest from major players, including ETF developments, which could inject fresh money and liquidity into the market. That said, caution is key. This is a short-term play with a 5% upside potential in the coming week. If SOL doesn’t show upward movement within a day or two, this narrative could quickly lose its relevance, and the situation would need to be reassessed. Stay tuned, Mister iM
Accel has raised $650 million for its eighth India fund as the U.S. venture firm expands its investment strategy in the South Asian market. The new fund follows the firm’s seventh India fund secured in March 2022. Accel — which has backed companies including e-commerce group Flipkart, food delivery platform Swiggy and software group Freshworks […] © 2024 TechCrunch. All rights reserved. For personal use only.
Harry Potter lief bereits kürzlich im TV, mit dem Spin-off geht das Fantasy-Franchise weiter. Erstmals ist der vorerst letzte Teil im Fernsehen zu sehen und beschert euch bildgewaltige Zauberduelle.
Das Serienfinale von Blue Bloods ist in den USA gelaufen, doch in Deutschland startet die 14. Staffel erst jetzt. So könnt ihr die letzten Folgen der Tom Selleck-Serie schauen.
Wir durchstöbern die neuen Serienstarts von Netflix, Amazon, Disney+ und Co. im Januar 2025 und stellen euch die 15 wichtigsten Highlights für die Streaming-Merkliste vor.
Wenn du seit heute Probleme beim Telefonieren hast, dann kann das an einem falschen Eintrag in deinem Telefonbuch liegen. Denn bestimmte Vorwahlen sind ab heute nicht mehr gültig. Du musst den Eintrag im Telefon oder Router ändern. Der Beitrag Kein Anschluss unter dieser Nummer: So werden Telekom-Kunden das Problem los erschien zuerst auf inside digital.