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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.

DateNovember 21, 2020 - 16:02
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • While the price is below the resistance 1.2010, beginning of downtrend is expected.
  • We make sure when the support at 1.1600 breaks.
  • If the resistance at 1.2010 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 60 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.1600 on 11/04/2020, so more gains to resistance(s) 1.1910 and maximum to Major Resistance (1.2010) 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 57.

Supports and Resistances:

  1. 1.2555
  2. 1.2230
  3. 1.2010
  4. 1.1910
  5. 1.1600
  6. 1.1485
  7. 1.1410
  8. 1.1170
  9. 1.0635
  10. 1.0350
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / US Dollar (EURUSD) new Sat, 16 Jan 2021
Euro / US Dollar (EURUSD) free Sat, 9 Jan 2021
Euro / US Dollar (EURUSD) free Sat, 2 Jan 2021
Euro / US Dollar (EURUSD) Sat, 26 Dec 2020
Euro / US Dollar (EURUSD) Sat, 19 Dec 2020