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ForecastCity
Aug 11, 2020 9:23 PM

Don't miss the great sell opportunity in EURUSD Short

Euro Fx/U.S. DollarFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.178). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.

Take Profits:
TP1= @ 1.1720
TP2= @ 1.1690
TP3= @ 1.1625

SL: Break Above R2

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Comments
Sir_Ray
Very helpful.
ForecastCity
@Sir_Ray, Thank you for your comment.
akkhann
@Sir_Ray yes it is
Kamryn
Good job!
ForecastCity
@Kamryn, Thank you!
Josef_anderson
Excellent
ForecastCity
@Josef_anderson, Thank you for your comment.
Kristalyn
Thank you
ForecastCity
@Kristalyn, Happy to help!
hammaadk26
Very thank your agree
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