If you get wrong answer on this question read the formula posted and practice using it, i'll post other questions similar to it, i hope it will help alot.

Now i'm Looking to buy Gold

Focusing on a single currency pair in the forex market allows traders to develop a deeper understanding of the pair's behavior, trends, and underlying economic factors. For instance, concentrating on the EUR/USD pair enables traders to analyze the economic indicators from both the Eurozone and the United States, such as interest rates, inflation, and employment data. This focused approach facilitates the identification of key support and resistance levels, enhances the ability to spot trading opportunities, and improves risk management strategies. By dedicating time to study price action, news events, and technical analysis specific to one pair, traders can refine their skills and potentially increase their profitability in a complex and dynamic market.

EURUSD: BUY 1.0440, SL 1.0380, TP 1.0510

Event to pay attention to today:
15:30 EET. USD - Unemployment Claims

EURUSD:
The EUR/USD pair drops to 1.0425 during the late U.S. session on Wednesday. The U.S. dollar (USD) gains support from concerns over Donald Trump’s tariff threats and geopolitical tensions. Investors are awaiting key U.S. economic data, including jobless claims, the leading economic index, and the Philadelphia Fed manufacturing index, set to be released on Thursday.

The FOMC meeting minutes confirmed the decision to keep interest rates unchanged in January and emphasized the need for clear signs of slowing inflation before considering a rate cut. On Thursday, speeches from Federal Reserve officials could influence the dollar’s trajectory.

Trump has threatened the EU with auto tariffs of up to 25% and additional duties on semiconductors and pharmaceuticals, adding pressure on EUR/USD.

USDJPY: BUY 150.30, SL 149.70, TP 151.30

An event to watch out for today:
16:45 EET. USD - Composite PMI

USDJPY:
JPY/USD weakened on Friday following comments from Japan’s Finance Minister, Katsunobu Kato, who warned that rising long-term rates could pressure Japan’s financial situation. This allowed USD/JPY to rebound modestly from the 149.25–149.30 area, its lowest level since December 3, reached during the Asian session. However, a significant yen depreciation seems unlikely amid growing confidence that the Bank of Japan (BoJ) will continue raising interest rates.

Hawkish expectations for the BoJ were reinforced by strong consumer price index (CPI) data, which continues to drive up Japanese government bond (JGB) yields. As a result, the narrowing interest rate differential between Japan and other economies should continue supporting the lower-yielding yen. Additionally, the recent decline in the U.S. dollar, driven by concerns over U.S. consumer health despite expectations of a prolonged Fed rate pause, may further pressure USD/JPY.

Use your proper risk management peoples