Weekly EURUSD Technical Analysis and Forecast - Forex

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Weekly forecast Euro / US Dollar technical chart

Symbol

EURUSD

Download MT4 template file

Trade Setup

#EURUSD
Total Profit: -1445 pip
Closed trade(s): 13 pip Profit
Open trade(s): -1458 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 1.1090(current price) - 1.1252(open price) = -162 pip
9 trade(s) still open, therefore total profit for open trade(s) is -162 x 9 = -1458 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.

Date January 18, 2020 - 20:39

Current range bound

Forecast beginning of uptrend

Midterm forecast:

While the price is above the support 1.08500, beginning of uptrend is expected.
We make sure when the resistance at 1.12650 breaks.
If the support at 1.08500 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 1.1236 on 12/31/2019, so more losses to support(s) 1.1040, 1.0990, 1.0925 and minimum to Major Support (1.0850) 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 45.

Take Profits:

1.1265
- Resistance on 07/16/2019
- Resistance on 07/15/2019
- Resistance on 07/11/2019
- Resistance on 07/10/2019
- Support on 07/03/2019
- Support on 06/13/2019
- Support on 06/07/2019
- Resistance on 06/05/2019
- Resistance on 06/04/2019
- Resistance on 06/03/2019
- Resistance on 05/13/2019
- Resistance on 05/01/2019
- Resistance on 04/23/2019
- Resistance on 04/09/2019
- Resistance on 04/08/2019
- Support on 03/26/2019
- Support on 03/22/2019
- Resistance on 03/11/2019
- Support on 02/15/2019
- Support on 02/12/2019
- Support on 02/11/2019
- Support on 12/14/2018
- Support on 11/28/2018
- Support on 11/15/2018
- Support on 11/14/2018
- Resistance on 06/14/2017
- Resistance on 06/08/2017
- Resistance on 05/23/2017
- Resistance on 05/22/2017
- Resistance on 11/09/2016
- Resistance on 09/27/2016
- Resistance on 09/26/2016
- Resistance on 09/22/2016
- Resistance on 09/15/2016
- Resistance on 09/14/2016
- Resistance on 09/13/2016
- Resistance on 09/12/2016
- Resistance on 09/09/2016
- Resistance on 09/08/2016
- Resistance on 09/07/2016
1.1345
- Support on 06/28/2019
- Support on 06/27/2019
- Support on 06/26/2019
- Support on 06/25/2019
- Resistance on 06/12/2019
- Resistance on 06/07/2019
- Support on 03/21/2019
- Support on 03/20/2019
- Resistance on 03/18/2019
- Resistance on 03/15/2019
- Resistance on 03/13/2019
- Resistance on 03/05/2019
- Support on 03/01/2019
- Support on 02/26/2019
- Resistance on 02/22/2019
- Resistance on 02/21/2019
- Resistance on 02/20/2019
- Resistance on 02/19/2019
- Resistance on 02/13/2019
- Resistance on 02/12/2019
- Support on 01/23/2019
- Support on 01/22/2019
- Support on 01/18/2019
- Support on 01/04/2019
- Support on 12/27/2018
- Support on 12/26/2018
- Support on 12/18/2018
- Support on 12/13/2018
- Support on 12/10/2018
- Resistance on 12/05/2018
- Resistance on 11/27/2018
- Resistance on 11/15/2018
- Resistance on 11/14/2018
- Support on 11/08/2018
- Resistance on 10/31/2018
- Support on 10/26/2018
- Support on 07/06/2017
- Support on 07/03/2017
- Resistance on 06/27/2017
- Resistance on 08/26/2016
- Resistance on 08/23/2016
- Resistance on 06/22/2016
- Resistance on 06/21/2016
- Resistance on 06/20/2016
- Support on 04/29/2016
- Resistance on 04/27/2016
- Resistance on 04/26/2016
- Support on 04/12/2016
- Support on 04/08/2016
- Support on 04/07/2016
- Resistance on 03/30/2016
- Resistance on 03/18/2016
- Resistance on 03/17/2016
- Resistance on 02/12/2016
- Resistance on 02/11/2016
- Resistance on 02/09/2016
- Resistance on 10/22/2015
- Support on 10/16/2015
- Resistance on 09/14/2015
- Resistance on 09/11/2015
- Resistance on 09/01/2015
- Resistance on 08/27/2015
- Resistance on 06/23/2015
- Resistance on 06/17/2015
- Resistance on 06/16/2015
- Resistance on 06/11/2015
- Resistance on 06/10/2015
- Resistance on 06/09/2015
- Resistance on 06/04/2015
- Support on 05/15/2015
- Support on 05/14/2015
- Support on 02/20/2015
- Support on 02/19/2015
- Support on 02/18/2015
- Support on 02/17/2015
1.1450
- Resistance on 03/20/2019
- Resistance on 01/29/2019
- Resistance on 01/28/2019
- Support on 01/14/2019
- Support on 01/11/2019
- Resistance on 01/02/2019
- Resistance on 12/31/2018
- Resistance on 12/28/2018
- Resistance on 12/27/2018
- Resistance on 12/21/2018
- Resistance on 12/20/2018
- Resistance on 12/10/2018
- Resistance on 11/08/2018
- Resistance on 11/07/2018
- Resistance on 11/02/2018
- Support on 10/23/2018
- Support on 10/22/2018
- Support on 10/19/2018
- Support on 10/18/2018
- Support on 10/09/2018
- Resistance on 08/17/2018
- Resistance on 07/13/2017
- Resistance on 06/30/2017
- Resistance on 06/29/2017
- Resistance on 05/11/2016
- Support on 05/02/2016
- Resistance on 04/12/2016
- Resistance on 04/11/2016
- Resistance on 04/07/2016
- Resistance on 09/18/2015
- Resistance on 09/17/2015
- Support on 08/25/2015
- Resistance on 06/18/2015
- Resistance on 05/18/2015
- Resistance on 05/14/2015
- Resistance on 02/19/2015
- Resistance on 02/17/2015
- Resistance on 02/13/2015
- Support on 01/16/2015
1.1570
- Resistance on 01/10/2019
- Peak on 01/10/2019
- Resistance on 10/03/2018
- Support on 10/01/2018
- Support on 09/28/2018
- Support on 09/12/2018
- Support on 09/11/2018
- Support on 09/05/2018
- Support on 09/04/2018
- Resistance on 08/21/2018
- Support on 08/08/2018
- Support on 07/19/2018
- Support on 06/21/2018
- Support on 06/20/2018
- Support on 06/19/2018
- Support on 06/18/2018
- Support on 11/07/2017
- Support on 10/27/2017
- Resistance on 07/18/2017
- Resistance on 05/03/2016
- Resistance on 08/26/2015
1.1725
- Resistance on 09/18/2018
- Resistance on 09/14/2018
- Resistance on 08/30/2018
- Resistance on 08/28/2018
- Resistance on 07/31/2018
- Resistance on 07/30/2018
- Resistance on 07/24/2018
- Resistance on 07/20/2018
- Resistance on 07/17/2018
- Resistance on 07/16/2018
- Resistance on 07/05/2018
- Resistance on 06/26/2018
- Support on 06/13/2018
- Support on 06/12/2018
- Resistance on 06/05/2018
- Resistance on 06/04/2018
- Resistance on 06/01/2018
- Resistance on 05/31/2018
- Resistance on 05/28/2018
- Resistance on 05/25/2018
- Support on 05/21/2018
- Support on 12/13/2017
- Support on 12/12/2017
- Support on 12/08/2017
- Support on 11/22/2017
- Support on 11/21/2017
- Support on 11/20/2017
- Support on 10/23/2017
- Support on 10/18/2017
- Support on 10/03/2017
- Support on 10/02/2017
- Support on 09/28/2017
- Support on 09/27/2017
- Support on 08/21/2017
- Support on 08/16/2017
- Support on 08/15/2017
- Support on 08/10/2017
- Support on 08/09/2017
- Support on 08/08/2017
1.1865
- Resistance on 12/14/2017
- Resistance on 12/04/2017
- Resistance on 11/29/2017
- Resistance on 11/15/2017
- Resistance on 10/20/2017
- Resistance on 10/19/2017
- Resistance on 10/13/2017
- Resistance on 10/12/2017
- Resistance on 10/11/2017
- Resistance on 09/26/2017
- Support on 09/21/2017
- Support on 09/20/2017
- Support on 09/14/2017
- Support on 09/13/2017
- Support on 09/05/2017
- Support on 09/04/2017
- Support on 08/31/2017
1.2030
- Support on 01/12/2018
- Resistance on 01/08/2018
- Resistance on 12/29/2017
- Resistance on 09/20/2017
- Resistance on 09/11/2017
- Resistance on 09/07/2017
- Resistance on 08/29/2017
1.2230
- Support on 04/06/2018
- Support on 04/05/2018
- Support on 02/27/2018
- Support on 02/12/2018
- Support on 02/09/2018
- Support on 02/08/2018
1.2555
- Resistance on 02/16/2018
- Peak on 02/16/2018

Click on the level to view price action history.

Symbol	Released	Current	Forecast
Euro / US Dollar (EURUSD)^new	Sun, 21 Apr 2024
Euro / US Dollar (EURUSD)^new	Sun, 21 Apr 2024
Euro / US Dollar (EURUSD)	Sun, 14 Apr 2024
Euro / US Dollar (EURUSD)	Sun, 14 Apr 2024
Euro / US Dollar (EURUSD)	Sat, 6 Apr 2024

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AUDCAD^new
AUDCHF^new^free
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AUDSGD^new
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1,978	1,583	1,442	1,408
1,155	622	595	556
496	471	456	454
415	408	379	293
273	267	263	257
240	217	206	198
197	186	175	173
168	154	140	138
131	125	123	123
120	119	110	101