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

#EURUSD
Total Loss: 2187 pip
Closed trade(s): 2187 pip Loss

Trade Setup:
We opened 9 BUY trades @ 1.05084 based on 'Valley' entry method at 2022-06-20.

Closed Loss:
SL @ 1.02648 touched at 2022-07-05 with 2187 pip Loss.
Loss for one BUY trade is 1.05084(open price) - 1.02648(close price) = 243 pip
Therefore total loss for trades is 243 x 9 = 2187 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateJuly 9, 2022 - 22:20
Currentdowntrend
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.00000, beginning of uptrend is expected.
  • We make sure when the resistance at 1.07850 breaks.
  • If the support at 1.00000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.06145 on 06/27/2022, so more losses minimum to Major Support (1.00000) 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 31.

Supports and Resistances:

  1. 1.22650
  2. 1.19105
  3. 1.16909
  4. 1.14620
  5. 1.11850
  6. 1.09485
  7. 1.07850
  8. 1.05454
  9. 1.00000
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / US Dollar (EURUSD) Sun, 14 Apr 2024
Euro / US Dollar (EURUSD) Sun, 14 Apr 2024
Euro / US Dollar (EURUSD) Sat, 6 Apr 2024
Euro / US Dollar (EURUSD) Sat, 30 Mar 2024
Euro / US Dollar (EURUSD) Sat, 23 Mar 2024
History
Daily-Trading-Opportunities on EURUSD.