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ForecastCity
Jan 4, 2021 10:19 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 (1.229). 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 42.

Take Profits:
TP1= @ 1.2215
TP2= @ 1.2180
TP3= @ 1.2125

SL: Break Above R2

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Comments
MarufHossen
ForecastCity
@MarufHossen, Thanks for your support.
MarufHossen
@ForecastCity, you welcome :)
Kamryn
You cover both directions in your idea. It's such a vise. 👌
ForecastCity
@Kamryn, We're happy you like it. 👍
Kristalyn
It's very helpful 🌴💐🌴
ForecastCity
@Kristalyn, We hope you enjoy it. 👍
Best_Forecast
You're so right! Good job.
ForecastCity
@Best_Forecast, Thanks for your nice comment.
Pro_Trader_007
It's outstanding! 👏
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