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Pay attention to the EUR/USD support range 1.1630--1.1640, which is valid and can be bought.
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Hello everyone, todayXM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: Pay attention to the EUR/USD support range 1.1630--1.1640, which is effective and can be bought". Hope this helps you! The original content is as follows:
U.S. dollar index: The U.S. index rose on Tuesday and encountered resistance below 99.25, while its decline was supported above 98.85, which means that the U.S. dollar is likely to maintain a downward trend after a short-term rise. If the U.S. index's rise today encounters resistance below 99.30, the target for the decline in the market outlook will be between 98.90--98.70. Today, the short-term resistance of the US dollar index is at 99.25--99.30, and the important short-term resistance is at 99.40--99.45. Today, the short-term support of the U.S. dollar index is at 98.90--98.95, and the important short-term support is at 98.370--98.75.
EUR/USD: The euro/dollar fell on Tuesday and was supported above 1.1630, while its rise was blocked below 1.1680, which means that the euro/dollar may maintain an upward trend after a short-term decline. If the EUR/USD falls below 1.1630 and stabilizes today, the target for the market outlook will be between 1.1675 and 1.1695. Today, the short-term resistance of EUR/USD is at 1.1670--1.1675, and the important short-term resistance is at 1.1690--1.1695. Today, the short-term support of EUR/USD is at 1.1630--1.1635, and the important short-term support is at 1.1610--1.1615.
Gold: Gold fell on Tuesday and was supported above 4569.00, while its rise was blocked below 4635.00, which means that gold is likely to maintain an upward trend after a short-term decline. If gold todayThe daily decline has stabilized above 4566.00, and the target for the market outlook will be between 4632.00--4665.00. Today, the short-term resistance of gold is 4631.00--4632.00, and the important short-term resistance is 4664.00--4665.00. Today, the short-term support of gold is at 4566.00--4567.00, and the important short-term support is at 4535.00--4536.00.
EUR/USD operation strategy: If it falls to 1.1630--1.1640, you can buy, with stop loss below 1.1600, and targets at 1.1670--1.1675, 1.1690--1.1695.
GBP/USD operation strategy: If it falls to 1.3405--1.3415, you can buy, with stop loss below 1.3380, and targets at 1.3475--1.3480, 1.3515-1.3520.
USD/CHF operation strategy: If it rises to 0.8020--0.8030, it can be sold, with stop loss above 0.8050 and targets at 0.7975--0.7980, 0.7950-0.7955.
USD/JPY operation strategy: If it falls to 158.70--158.80, you can buy, with stop loss below 158.30, and targets at 159.55--159.60, 160.00--160.05.
January 13th order summary: EUR/USD successfully established a long position between 1.1630--1.1640, with a maximum rise to 1.1654, and short-term profit margins are between 15--25 points. GBP/USD requires a long position between 1.3410 and 1.3420, and the exchange rate dropped to as low as 1.3424, which is in line with my requirement to enter the market 5-10 points in advance. If investors enter the market early and go long, the price will rise as high as 1.3441, and the short-term profit margin will be less than 20 points. However, you can continue to hold this order and stop the loss if it falls below 1.3380, or close the position if it rebounds to around 1.3480. USD/CHF successfully established a short position between 0.7995--0.8005, with less than 20 points of short-term profit margin. However, you can continue to hold this order and stop the loss if it breaks above 0.8050, or close the position when it pulls back to around 0.7975. The USD/CAD short position was successfully established between 1.3895 and 1.3905, and the lowest fell to 1.3880, with less than 20 points of short-term profit margin. However, you can continue to hold this order and stop the loss if it breaks above 1.3930, or close the position when it pulls back to around 1.3860. AUD/USD successfully built a long position between 0.6685--0.6695, with less than 20 points of short-term profit margin. However, you can continue to hold this order and stop the loss if it falls below 0.6640, or close the position if it rebounds to around 0.6715.
Remind everyone to note that if the day's strategy first reaches the expected averageIf the position target is set, investors seeking stability can give up their operation plan for the day. When investors actually implement this strategy, they can start arranging corresponding positions 5-10 points in advance, but the stop loss price should be implemented to the letter.
When making an order based on this strategy, when there is a profit of more than 30 points, please protect the parity and take profits. Never let a profit order turn into a loss order.
Standards for opening a position: if the risk tolerance is below 20%, you can do 0.1 lots per 2,000 US dollars; if the risk tolerance is between 20% and 50%, you can do 0.1 lots per 1,000 US dollars; if the risk tolerance exceeds 50%, you can do 0.2--0.3 lots per 1,000 US dollars.
The above content is all about "[XM Foreign Exchange Decision Analysis]: Pay attention to the EUR/USD support range 1.1630--1.1640, which is effective and can be bought". It is carefully www.xmtraders.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
Due to the author's limited ability and time constraints, some contents in the article still need to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
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