EURUSD - Monthly Timeframe (The Bigger Picture)
It’s crucial to step back and look at the bigger picture, especially when analyzing the EURUSD.
EURUSD, the most traded currency pair worldwide, has seen relatively small price movements in 2023 and 2024 compared to previous years. In the attached chart, I’ve highlighted the full price range for these two years—and the data speaks for itself. The market has been trading in a very tight range, showcasing how slow things have been overall.
With 12 years of trading experience, I’ve noticed this significant slowdown has affected swing trading strategies. While lower timeframes have seen some nice movements, the broader market has been quiet, primarily moving around major news events. As a result, veteran traders, including myself, who focus on risk management and avoid trading during big news events, have felt the impact.
That said, I believe this could change soon, especially as we approach the US presidential election. Stay tuned!
#ForexTrading #EURUSD #MarketAnalysis #TechnicalAnalysis #TradingInsights #ForexStrategy #FinancialMarkets #RiskManagement #SwingTrading #Eltaajir #PuraVita
EURUSD, the most traded currency pair worldwide, has seen relatively small price movements in 2023 and 2024 compared to previous years. In the attached chart, I’ve highlighted the full price range for these two years—and the data speaks for itself. The market has been trading in a very tight range, showcasing how slow things have been overall.
With 12 years of trading experience, I’ve noticed this significant slowdown has affected swing trading strategies. While lower timeframes have seen some nice movements, the broader market has been quiet, primarily moving around major news events. As a result, veteran traders, including myself, who focus on risk management and avoid trading during big news events, have felt the impact.
That said, I believe this could change soon, especially as we approach the US presidential election. Stay tuned!
#ForexTrading #EURUSD #MarketAnalysis #TechnicalAnalysis #TradingInsights #ForexStrategy #FinancialMarkets #RiskManagement #SwingTrading #Eltaajir #PuraVita
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