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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateAugust 2, 2020 - 15:39
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.16000 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1.1425 on 06/10/2020, so more losses to support(s) 1.1725 and minimum to Major Support (1.1600) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 73.

Supports and Resistances:

  1. 1.2555
  2. 1.2230
  3. 1.2030
  4. 1.1910
  5. 1.1725
  6. 1.1600
  7. 1.1410
  8. 1.0350
Click on the level to view price action history.

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