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 (1.2150).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. EURUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 30.

Take Profits:
TP1= @ 1.2055
TP2= @ 1.1985
TP3= @ 1.1950
TP4= @ 1.1835

SL: Break Above R2

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Comments

Very helpful. Thanks
+1 Reply
ForecastCity yusufipek1989
It's our pleasure. @yusufipek1989, We're glad you found it helpful.
Reply
Clean analysis.
+1 Reply
ForecastCity Megan_forex
@Megan_forex, Thank you
Reply
Thanks for your ideas.
+1 Reply
ForecastCity Sophi2018
@Sophi2018, You're welcome!
Reply
Institutional (smart money) long Eur.
Reply
Well done guys. U guys are so spot on. Nice fair warning and plenty of time to digest. Quick question though. So has the analysis now become void as we have hit above the R2? Or should this retrace. I removed sl thinking of giving him some breathing room. 4hr still looks a bit bullish to me. Thoughts anyone?
Reply