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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.2440 to 1.2540). 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 (1.2440)
    • Resistance on 03/08/2018
    • Resistance on 03/07/2018
    • Support on 02/15/2018
    • Resistance on 02/06/2018
    • Resistance on 02/05/2018
    • Support on 02/02/2018
    • Resistance on 01/31/2018
    • Resistance on 01/30/2018
    • Resistance on 01/29/2018
    • Resistance on 01/26/2018
    • Resistance on 01/25/2018
    • Trough on 11/05/2014
    • Trough on 11/04/2014
    • Trough on 11/03/2014
    • Peak on 08/06/2012
  • Ending of entry zone (1.2540)
    • Resistance on 02/16/2018
    • Peak on 01/25/2018
    • Resistance on 01/25/2018
    • Peak on 07/05/2012

DateMarch 31, 2018 - 19:31
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.25400, beginning of downtrend is expected.
  • We make sure when the support at 1.20200 breaks.
  • If the resistance at 1.25400 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.2475 on 03/27/2018, so more losses to support(s) 1.2205, 1.2090, 1.2020 and more depths 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 49.

Take Profits:

  1. 1.2325
  2. 1.2205
  3. 1.2090
  4. 1.2020
  5. 1.1880
  6. 1.1700
  7. 1.1555
  8. 1.1440
  9. 1.1180
  10. 1.0850
  11. 1.0335
Click on the level to view price action history.

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Euro / US Dollar (EURUSD) Sun, 14 Apr 2024
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