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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ForecastCity English Support Team โค๏ธ
". 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
โค๏ธ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the ๐ LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
โค๏ธ Your Support is very much ๐ appreciated!โค๏ธ
๐ Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, โค๏ธ
ForecastCity English Support Team โค๏ธ
High Accurate AI-Generated forecasts for:
๐36 Forex Pairs
๐175 Cryptos
๐16 Stock & Currency Indices
๐Gold,Silver,Oil,Gas
โ Best Profitable Trading Strategies
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FREE Telegram ๐ t.me/forecastcity_com
๐36 Forex Pairs
๐175 Cryptos
๐16 Stock & Currency Indices
๐Gold,Silver,Oil,Gas
โ Best Profitable Trading Strategies
โ in 9 languages
โ since 2007
FREE Telegram ๐ t.me/forecastcity_com