TradingView
ForecastCity
Jan 8, 2021 8:28 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 (1.2285). 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= @ 1.2175
TP2= @ 1.2065
TP3= @ 1.1990
TP4= @ 1.1915
TP5= @ 1.1765

SL: Break Above R2

❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated! ❤️

💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️
Comments
thielederboss
Thanks for sharing great analysis
ForecastCity
@thielederboss, You're very welcome! We appreciate your support. 💎🙏💎
ForecastCity
@thielederboss, All the best with your trades.📈
Pro_Trader_007
Very nice. Thanks.
ForecastCity
@Pro_Trader_007, You're welcome. We hope you enjoy it.
Josef_anderson
It's a nice idea. Please keep up professional charting 👍
ForecastCity
@Josef_anderson, Sure, We appreciate your comment.
Karzon
Thanks for such clear charts!
ForecastCity
@Karzon, You're very welcome!
sara-kian-fx
Thanks for clean analysis sharing!
More