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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 (1.1990 to 1.2090). 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 (1.1990)
    • Resistance on 08/29/2017
    • Resistance on 08/30/2017
    • Resistance on 09/13/2017
    • Resistance on 09/15/2017
    • Resistance on 09/22/2017
    • Support on 05/01/2018
    • Resistance on 05/14/2018
  • Ending of entry zone (1.2090)
    • Support on 12/31/2014
    • Peak on 09/08/2017
    • Resistance on 09/08/2017
    • Resistance on 01/04/2018
    • Resistance on 01/05/2018
    • Support on 04/26/2018
    • Support on 04/27/2018
    • Resistance on 05/01/2018
DateJune 2, 2018 - 21:42
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.22050 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI bounced from the support #1 at 23 and it prevented price from more losses.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.1510 on 05/29/2018, so more gains to resistance(s) 1.1700, 1.1820, 1.1915 and maximum to Trend Hunter Sell Zone (1.1990 to 1.2090) 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 35.

Take Profits:

  1. 1.1915
  2. 1.1820
  3. 1.1700
  4. 1.1555
  5. 1.1440
  6. 1.1180
  7. 1.0850
  8. 1.0335
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.