EURUSD 30/12/24

2024年12月30日

We are back for one last market update before 2025 is here!

Due to low market volume we still have the same markup here on EU this brings us to the same ideas and same setups the we had from last week, because we are so close to the new year we know volumes are low and liquid will not likely be running at its normal levels leading us to believe, these areas may remain into the new years trading session. *last weeks markup information for more context on the chart.

EUR/USD Update: Final Week of Trading Before the New Year

As we head into the last week of trading before closing shop for the year, here’s a recap and outlook:

Last week, we called a short after identifying our "money out" level. With a daily bearish bias and liquidity sitting above the highs, we outlined a clear sell scenario. The market delivered exactly as expected.

Looking ahead to this week, our bias remains unchanged, and the principles stay the same. We are targeting deeper moves lower, focusing on the daily low at the base of the current range. Following the same approach, we anticipate the highs to be swept first, creating opportunities to enter and ride the price down to key lows.

Currently, we have a potential high forming near the centre of the range, but this is unconfirmed for now and remains a possibility. Keep an eye on all the marked highs—we’re waiting for a sweep of these levels, which could trigger the final market move of the year. If an entry presents itself, we’ll look to trade lower.

Stay disciplined, trade your plan, and manage your risk.