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ForecastCity
Apr 15, 2020 1:10 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 (1.0919). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.

Take Profits:
TP1= @ 1.0832
TP2= @ 1.0772
TP3= @ 1.0652

SL: Break Above R2
Comments
sara-kian-fx
Nice and simple
ForecastCity
@sara-kian, Thanks.
Pro_Trader_007
A bunch of good information. Thanks!
ForecastCity
@Pro_Trader_007, You're welcome.
j_wst
I was looking at it more going to 1.09500 then dropping again
ForecastCity
@j_wst, Thanks for sharing your opinion.
UnknownUnicorn5890034
Great
ForecastCity
@christianpeters1997, Thanks.
blessed4life
i very much agree, nice analysis
ForecastCity
@blessed4life, Thanks for sharing your opinion about it.
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