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ForecastCity
Sep 14, 2020 9:19 PM

Don't miss the great sell opportunity in EURUSD Short

FX:EURUSD240
Euro Fx/U.S. DollarFXCM

Description

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Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.1952 & 1.1917).
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 56.

Take Profits:
TP1= @ 1.1753
TP2= @ 1.1688
TP3= @ 1.1588
TP4= @ 1.1490
TP5= @ 1.1170

SL: Break Above R3

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsEUReuroUSDdollarEURUSDeurodollarforexsignalsforexanalysisforextrading
Comments
Josef_anderson
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I believe in your work my friends. Keep going. You're doing great.
Josef_anderson
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@Josef_anderson, And I can't thank you enough for all the help I got from you.
ForecastCity
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@Josef_anderson, It's always a pleasure.
ForecastCity
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@Josef_anderson, Thank you, Josef. We appreciate your support.
ForecastCity
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@Josef_anderson, We would be glad to see your view on EURUSD.
yusufipek1989
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I think you are one of the rare ones who says bearish for EURUSD.

Many forecasters are saying long like EURUSD gain bullish momentum.
ForecastCity
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@yusufipek1989, EURUSD is in a range bound.
ForecastCity
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@yusufipek1989, But we expect the beginning of a downtrend.
Pro_Trader_007
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I totally agree with your idea.
ForecastCity
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@Pro_Trader_007, Thanks for your support.
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