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 (1.0919). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40 .

Take Profits:
TP1= @ 1.0832
TP2= @ 1.0772
TP3= @ 1.0652

SL: Break Above R2
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Comments

Nice and simple
+2 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, Thanks.
+1 Reply
A bunch of good information. Thanks!
+2 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, You're welcome.
+1 Reply
I was looking at it more going to 1.09500 then dropping again
+2 Reply
@j_wst, Thanks for sharing your opinion.
+1 Reply
ForecastCity christianpeters1997
Reply
i very much agree, nice analysis
+1 Reply
ForecastCity blessed4life
@blessed4life, Thanks for sharing your opinion about it.
Reply
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