EURUSD - A Choppy Long Play

The market has been choppy for the past week perhaps awaiting the start of World Economic Forum meeting in Davos, starting on the 20-24th January 2025 as it sets out the macro themes for the markets.On the other hand Donald Trumps inauguration is taking place on the 20th of the same month hence we might have big swings in the market. On the back of the strong dollar which seems about to lose its steam. Given that the festive season is over, all those created jobs are about to be decimated and one more thing a too strong dollar is not good for trading with other countries since it is a reserve currency.

Summary : Long/Buy
Entry 1 = 1.02913
Entry 2 = 1.02814
Exit Target = 1.04091

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