ForecastCity

💡 EURUSD . Weekly Technical Analysis Update

FX:EURUSD   Euro / U.S. Dollar
Midterm forecast:
1.1970 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 1.1600 on 11/04/2020, so more gains to resistance(s) 1.2165, 1.2330, 1.2555 and more heights 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 66.

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Comments

Very nice chart.   Thank you so much.
+3 Reply
ForecastCity carefulOwl22772
@carefulOwl22772, It's our pleasure!
+2 Reply
Many thanks for sharing this chart.
+3 Reply
ForecastCity sofi_Morphy
@sofi_Morphy, You're very welcome!
+2 Reply
ForecastCity sofi_Morphy
@sofi_Morphy, Thank you for your comment. We appreciate it
+2 Reply
Your Analysis is Superb Bro The Timing and Accuracy You Provide is Great!
+2 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, We appreciate your comment.
+1 Reply
Thank you always.
+1 Reply
@ukojones, You're welcome!
Reply
Very accurate and it is making a lot of sense. Thank you for the good work.
+1 Reply