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ForecastCity
Jan 4, 2021 10:20 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
Best_Forecast
You're so right about it.
ForecastCity
@Best_Forecast, We appreciate your kindness and comment. 💎🙏💎
Kamryn
Nice mentioning both scenarios. 👍
ForecastCity
@Kamryn, We hope you enjoy it.
Kristalyn
You always manage to create the most beautiful and detailed charts.💐
ForecastCity
@Kristalyn, Thanks for supporting us.
Pro_Trader_007
Upvoted! 👏
ForecastCity
@Pro_Trader_007, Thanks for your support
Josef_anderson
Excellent! It's in the sell zone now.
ForecastCity
@Josef_anderson, Thanks for your comment. We appreciate it and wish you the best of luck.
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