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ForecastCity
Jul 16, 2021 9:30 AM

πŸ’‘Don't miss the great sell opportunity in EURUSDΒ Short

Euro Fx/U.S. DollarFXCM

Description

β‹…
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.1824).
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 51.

Take Profits:
TP1= @ 1.1795
TP2= @ 1.1771
TP3= @ 1.1750
TP4= @ 1.1737
TP5= @ 1.1712

SL: Break Above R2

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Comments
Megan_forex
β‹…
Nice analysis, Thanks for sharing.
ForecastCity
β‹…
@Megan_forex, You're very welcome! We hope you enjoy it.
amiinzofx
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clear set up
ForecastCity
β‹…
@amiinzofx, Thank you for your comment. We appreciate it.
jafari1134
β‹…
nice
ForecastCity
β‹…
@jafari1134, Thank you for your comment.
davidgolandak
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Thank you so much.
ForecastCity
β‹…
@davidgolandak, You're most welcome!
Simon_Weber
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Oh yes!!!
ForecastCity
β‹…
@Simon_Weber, Thank you for your comment.
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