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ForecastCity
Sep 1, 2020 5:47 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 (1.1965). 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 55.

Take Profits:
TP1= @ 1.1893
TP2= @ 1.1845
TP3= @ 1.1763
TP4= @ 1.1705
TP5= @ 1.1470

SL: Break Above R2

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Comments
aldrinjoe725
what strategy do you use?.
ForecastCity
@aldrinjoe725, To read about the trading strategies please visit forecastcity.com
LubosKosik83
🙏🥂 Thank you
ForecastCity
@LubosKosik83, You're welcome!👍
Mehmetozdemi
Thank you for the simple explanations
ForecastCity
@Mehmetozdemi, You're welcome!
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