Market Breakdown: EURUSD, EURJPY, BTCUSD, US30

10 Jan

https://www.tradingview.com/x/CH4XznTm/

1️⃣ EURUSD daily time frame 🇪🇺🇺🇸
The pair is currently stuck within a narrow intraday horizontal trading range.
We are expecting the US inflation data tomorrow and for the market participants
it will be the important trigger.

Monitor the reaction of the price to the boundaries of the range and look for a confirmation.
That will be your signal.

2️⃣ EURJPY daily time frame 🇪🇺🇯🇵
The market is currently breaking a solid daily supply area.
If the price breaks and closes above that on a daily, it will be a strong bullish signal.

A bullish continuation will be anticipated to 161.0 level then.

3️⃣ BITCOIN weekly time frame ₿
BTC nicely respected a major weekly structure resistance.
After its test, we see a strong bearish reaction.

I would anticipate a continuation of a correction for now.

4️⃣ Dow Jones weekly time frame
The market set a new historic high before it closed on Christmas holidays.
Now it looks quite overbought.

I would recommend waiting for a pullback to one of the underlined supports.
They can provide perfect points to buy the index from.

Do you agree with my market breakdown?

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