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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup

#EURUSD
Total Profit: 0 pip
Closed trade(s): 0 pip Profit
Open trade(s): 0 pip Profit
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Trade Setup:
We opened 11 SELL trade(s) @ 1.1967 (day close price) based on 'Peak' at 2018.01.08 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

All 11 trades closed at entry price, therefore no profit no loss.
_______________________________________________

Trading suggestion:

Price is in the Trend Hunter Sell Zone (1.2035 to 1.2090).

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

  • Beginning of entry zone (1.2035)
    • Resistance on 01/11/2018
    • Resistance on 01/08/2018
    • Resistance on 09/20/2017
    • Peak on 09/20/2017
    • Resistance on 09/11/2017
    • Resistance on 09/08/2017
    • Resistance on 09/07/2017
    • Resistance on 08/29/2017
    • Support on 07/24/2012
  • Ending of entry zone (1.2090)
    • Resistance on 01/05/2018
    • Resistance on 01/04/2018
    • Peak on 09/08/2017
    • Resistance on 09/08/2017
    • Support on 12/31/2014

DateJanuary 13, 2018 - 21:03
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.23990 would begin in Midterm.

Technical analysis:

  • A trough is formed in daily chart at 1.1915 on 01/10/2018, so more gains maximum to Trend Hunter Sell Zone (1.2035 to 1.2090) 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 71.

Take Profits:

  1. 1.1960
  2. 1.1875
  3. 1.1710
  4. 1.1615
  5. 1.1495
  6. 1.1320
  7. 1.1140
  8. 1.0850
  9. 1.0715
  10. 1.0520
  11. 1.0335
Click on the level to view price action history.

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