ForecastCity
Short

Don't miss the great sell opportunity in EURUSD

FX:EURUSD   Euro / U.S. Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.1785). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.

Take Profits:
TP1= @ 1.1741
TP2= @ 1.1699
TP3= @ 1.1602
TP4= @ 1.1506
TP5= @ 1.1420

SL: Break Above R2

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Comments

i have earned £1000+ on your trades alone
+3 Reply
Dinma spenclima
@spenclima that's impressive.
+2 Reply
@Dinma, Thanks for your comment.
+2 Reply
ForecastCity spenclima
@spenclima, You're welcome!🙏 we're glad you found it useful.
+1 Reply
I got a huge profit from this forecast.
+2 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, we're glad you found it useful. Best of luck to you in your trades.
Reply
🙏🥂❤
+1 Reply
ForecastCity LubosKosik83
@LubosKosik83, ❤🙏❤
Reply
I've been watching this for a while. I agree a reversal is bound to happen soon. My hesitancy is the State of the US situation. It feels like the EUR will strengthen to around 11961. At this moment I think price has been within the weekly supply zone circa 11775 for 3 days and at 61.8% and PP Res2 @11860. There might be a long trade to Res3 @11914... maybe (price having been rejected at that level last Friday? Alternatively the Short trade you've demonstrated might well begin (plotting a resistance trend line from 03/08 high @0500 to 05/08 @0500 might limit the bulls) with a target of previous demand zone circa 11249??

STOCH's on the Daily chart indicate Bulls losing momentum. MACD is beginning to turn down ... Whereas 4hr chart Bull momentum seems to hold... the 1hr chart seems to agree...

Not sure if that sounds credible sense to anyone. Comments and/or corrections would be appreciated. Thanks.
+1 Reply
ForecastCity SteveGr8Trades
@SteveGr8Trades, We appreciate your comment. Thanks for sharing your point of view with us. 👍
Reply
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