ForecastCity

There is possibility for the beginning of an up trend in EURUSD

Long
FX:EURUSD   Euro / U.S. Dollar
Midterm forecast:
. While the price is above the support 1.0990, beginning of Uptrend is expected.
. We make sure when the Resistance at 1.14950 breaks.
. If the suppor at 1.0990 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:
. The ascending flag taking shape suggests we will soon see another leg higher.
. While the RSI uptrend #1 is not broken, bullish wave in price would continue.
. A peak is formed in daily chart at 1.1350 on 06/23/2020, so more losses to support(s) 1.1145 and minimum to Major Support (1.0990) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 53.

Supports and Resistances:
S1= 1.1145
S2= 1.0990
S3= 1.0880
S4= 1.0765
S5= 1.0635

R1= 1.1345
R2= 1.1495
R3= 1.1570
R4= 1.1725
R5= 1.1865
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Comments

So nice work! Share more such ideas!
+1 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, You're welcome!🙏 we're glad you enjoyed it. 👍
Reply
Made good money on your ideas.
+1 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, Thanks for your comment 👍
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Thanks for the good anaylsis..at what time do you post your anaysis ?i missed a trade yesterday😑
+1 Reply
ForecastCity frankfrank01
@frankfrank01, Please follow us here for more ideas.we hope you enjoyed it. 👍
Reply
It was a perfect idea. Thank you so much.
+1 Reply
@fxniki, You're welcome!🙏
Reply
AWESOME ANALYSIS!

Thank You for sharing!
+1 Reply
ForecastCity Alexander_007
@Alexander_007, Sure! Hope you enjoy it.
Reply
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