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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup
#EURUSD
Total Profit: -1121 pip
Closed trade(s): 13 pip Profit
Open trade(s): -1134 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 1.1252 based on 'Valley' at 2019.07.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.1265 touched at 2019.07.11 with 13 pip Profit.

Open Profit:
Profit for one trade is 1.1126(current price) - 1.1252(open price) = -126 pip
9 trade(s) still open, therefore total profit for open trade(s) is -126 x 9 = -1134 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJuly 27, 2019 - 17:55
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.11000, beginning of uptrend is expected.
  • We make sure when the resistance at 1.14500 breaks.
  • If the support at 1.11000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1.1412 on 06/25/2019, so more losses minimum to Major Support (1.1100) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 36.

Take Profits:

  1. 1.1265
  2. 1.1345
  3. 1.1450
  4. 1.1570
  5. 1.1725
  6. 1.1865
  7. 1.2030
  8. 1.2230
  9. 1.2555
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / US Dollar (EURUSD) Sat, 23 Mar 2024
Euro / US Dollar (EURUSD) Sun, 17 Mar 2024
Euro / US Dollar (EURUSD) free Sat, 9 Mar 2024
Euro / US Dollar (EURUSD) Sat, 2 Mar 2024
Euro / US Dollar (EURUSD) Sun, 25 Feb 2024