ForecastCity

💡Don't miss the great sell opportunity in EURUSD

Short
FX:EURUSD   Euro / U.S. Dollar
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.2162).
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 a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 46.

Take Profits:
TP1= @ 1.2090
TP2= @ 1.2070
TP3= @ 1.2050
TP4= @ 1.2035
TP5= @ 1.2000

SL: Break Above R2

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Comments

Thanks for this chart. Very helpful .
Reply
ForecastCity davidgolandak
@davidgolandak, Thank you. We appreciate your support
Reply
Nice analysis, Thanks for sharing.
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ForecastCity DenizKilicDeniz
@DenizKilicDeniz, We hope you enjoy it.
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I agree with you.
Reply
ForecastCity Mesutkashmar
@Mesutkashmar, Thank you for your comment. We appreciate it
Reply
Looks great to sell now!
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ForecastCity AlkalineFX
@AlkalineFX, We appreciate your comment.
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