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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trading suggestion:

Price is in the Trend Hunter Buy Zone (1.1430 to 1.1335).

While the price is below the level 1.1430, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 1.1430 and expect to reach short-term targets.

  • Beginning of entry zone (1.1430)
    • Resistance on 02/16/2015
    • Resistance on 02/17/2015
    • Resistance on 02/19/2015
    • Resistance on 02/20/2015
    • Resistance on 05/14/2015
    • Resistance on 06/18/2015
    • Support on 08/25/2015
    • Resistance on 04/01/2016
    • Resistance on 04/06/2016
    • Resistance on 04/07/2016
    • Resistance on 04/08/2016
    • Resistance on 04/11/2016
    • Resistance on 04/12/2016
    • Resistance on 05/11/2016
    • Resistance on 05/12/2016
    • Resistance on 06/23/2016
    • Resistance on 06/24/2016
    • Resistance on 07/03/2017
    • Resistance on 07/06/2017
    • Resistance on 07/07/2017
    • Resistance on 07/13/2017
    • Resistance on 08/14/2018
    • Support on 08/20/2018
    • Support on 10/09/2018
    • Support on 10/19/2018
  • Ending of entry zone (1.1335)
    • Support on 07/04/2017
    • Support on 07/05/2017
    • Support on 07/06/2017
    • Support on 08/14/2018
    • Support on 08/15/2018
    • Support on 08/16/2018

DateOctober 27, 2018 - 16:19
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.13000, beginning of uptrend is expected.
  • We make sure when the resistance at 1.16150 breaks.
  • If the support at 1.13000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.15095 on 2018-05-29 and the trough at 1.13005 on 2018-08-15, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 38.

Take Profits:

  1. 1.1510
  2. 1.1615
  3. 1.1715
  4. 1.1800
  5. 1.1925
  6. 1.2075
  7. 1.2205
  8. 1.2555
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / US Dollar (EURUSD) Sat, 23 Mar 2024
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Euro / US Dollar (EURUSD) free Sat, 9 Mar 2024
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Euro / US Dollar (EURUSD) Sun, 25 Feb 2024