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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

Download MT4 template file

Trading suggestion:

Regarding the entry signal of DTO we will invest at Monday - if no GAP - when the market opens.

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

  • Beginning of entry zone (1.1300)
    • Resistance on 09/08/2016
    • Resistance on 11/09/2016
    • Resistance on 06/14/2017
    • Trough on 08/15/2018
    • Support on 08/15/2018
    • Trough on 10/31/2018
    • Support on 10/31/2018
    • Resistance on 11/13/2018
    • Support on 11/30/2018
    • Support on 12/11/2018
    • Support on 12/14/2018
    • Support on 12/17/2018
    • Support on 01/03/2019
    • Support on 01/24/2019
  • Ending of entry zone (1.1270)
    • Resistance on 09/07/2016
    • Resistance on 09/08/2016
    • Resistance on 09/09/2016
    • Resistance on 09/12/2016
    • Resistance on 09/14/2016
    • Resistance on 09/15/2016
    • Resistance on 09/26/2016
    • Resistance on 11/09/2016
    • Resistance on 05/22/2017
    • Resistance on 05/23/2017
    • Resistance on 06/08/2017
    • Resistance on 06/14/2017
    • Support on 11/14/2018
    • Support on 11/15/2018
    • Support on 11/27/2018
    • Support on 11/28/2018
    • Trough on 12/14/2018
    • Support on 12/14/2018
DateJanuary 26, 2019 - 19:54
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.11800, beginning of uptrend is expected.
  • We make sure when the resistance at 1.15300 breaks.
  • If the support at 1.11800 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 1.13005 on 2018-08-15 and the trough at 1.12155 on 2018-11-12, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.1288 on 01/24/2019, so more gains to resistance(s) 1.1430 and maximum to Major Resistance (1.1530) 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 51.

Take Profits:

  1. 1.1530
  2. 1.1615
  3. 1.1725
  4. 1.1815
  5. 1.1885
  6. 1.2045
  7. 1.2235
  8. 1.2555
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.