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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD
Trade Setup

#EURUSD:
Total Loss: 1550 pip
Closed trade(s): 1550 pip Loss

Trade Setup:
We opened 10 BUY trade(s) @ 1.0870 (day close price) based on 'Two-Day reversal Candle' at 2022.04.13.

Total Loss:
SL @ 1.0715 touched at 2022.04.15 with 155 pip Loss.
Loss for one trade is 1.0870(open price) - 1.0715(close price) = 155 pip
Therefore total loss for trades is 155 x 10 = 1550 pip

Trading suggestion:

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

DateApril 30, 2022 - 12:03
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 1.07582, resumption of downtrend is expected.
  • We make sure when the support at 1.03500 breaks.
  • If the resistance at 1.07582 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.09360 on 04/21/2022, so more losses to support(s) 1.05000 and minimum to Major Support (1.03500) 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 28.

Supports and Resistances:

  1. 1.22650
  2. 1.19105
  3. 1.16909
  4. 1.14620
  5. 1.11850
  6. 1.09421
  7. 1.07582
  8. 1.03500
Click on the level to view price action history.

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