Daily Market Update: EURUSD & USDJPY – Mar 4th, 2025
NOTE: This market newsletter is based on analysis conducted using the daily chart timeframe. Each market discussed is accompanied by a corresponding price chart for clarity and reference.
EURUSD: Selling On Retracement Higher & After Price Action Signal At Or Below 1.0514 – 1.0533 Resistance Area
Comments: Price recently moved higher from the 1.0354 short-term support level.
Potential Trade Signal 1: We are looking to sell on a retracement higher and after a price action sell signal, at or just below the 1.0514 – 1.0533 short-term resistance area.
Potential Trade Signal 2: We are looking to buy on a deeper retracement lower and after a price action buy signal, at or around the 1.0354 short-term support level.
To Trade This Market With Our Preferred Broker, CLICK HERE
USDJPY: Selling On Retracement Higher & After Price Action Signal At Or Below 150.93 – 151.30 Resistance Area
Comments: Price recently moved lower from the 150.93 – 151.30 short-term resistance area.
Potential Trade Signal: We are looking to sell on a retracement higher and after a price action sell signal, at or below the 150.93 – 151.30 short-term resistance area.
To Trade This Market With Our Preferred Broker, CLICK HERE
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Disclaimer: The risk of loss in trading financial market products, like Cryptocurrencies can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Any content posted here should not be considered financial or Trading advice, this newsletter is just for information purposes and is just the author’s opinion.
