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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.2040 to 1.2070). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1.2040)
    • Resistance on 09/08/2017
    • Resistance on 09/07/2017
    • Resistance on 08/29/2017
    • Trough on 07/30/2012
    • Trough on 07/27/2012
    • Trough on 07/26/2012
    • Trough on 07/25/2012
    • Support on 07/25/2012
    • Trough on 07/24/2012
    • Support on 07/24/2012
  • Ending of entry zone (1.2070)
    • Resistance on 09/08/2017
    • Resistance on 08/29/2017
    • Peak on 08/29/2017
    • Resistance on 01/02/2015

DateSeptember 16, 2017 - 20:51
Currentuptrend
Forecastbeginning of downtrend

Midterm forecast:

  • The current trend is uptrend but the forecast is beginning of downtrend.

Technical analysis:

  • A peak is formed in daily chart at 1.2090 on 09/08/2017, so more losses to support(s) 1.1875, 1.1715, 1.1615 and more depths 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.

Take Profits:

  1. 1.1875
  2. 1.1715
  3. 1.1615
  4. 1.1495
  5. 1.1320
  6. 1.1140
  7. 1.0850
  8. 1.0715
  9. 1.0520
  10. 1.0335
Click on the level to view price action history.

Symbol Released Current Forecast
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