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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

Trading suggestion:

Regarding the entry signal of DTO we will invest at Monday - if no GAP - when the market opens.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.1230)
  • Ending of entry zone (1.1190)

DateNovember 28, 2021 - 23:47
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.1190, beginning of uptrend is expected.
  • We make sure when the resistance at 1.1534 breaks.
  • If the support at 1.1190 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.1190 on 11/25/2021, so more gains to resistance(s) 1.1373, 1.1454 and maximum to Major Resistance (1.1534) 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 38.

Take Profits:

  1. 1.1373
  2. 1.1454
  3. 1.1534
  4. 1.1692
  5. 1.1796
  6. 1.1911
  7. 1.2153
  8. 1.2347
  9. 1.2600
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / US Dollar (EURUSD) new Sat, 22 Jan 2022
Euro / US Dollar (EURUSD) Sat, 15 Jan 2022
Euro / US Dollar (EURUSD) free Sat, 8 Jan 2022
Euro / US Dollar (EURUSD) Sat, 1 Jan 2022
Euro / US Dollar (EURUSD) Sun, 26 Dec 2021