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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

Trade Setup:
We opened 9 BUY trade(s) @ 1.1405 (day close price) based on 'Valley' at 2019.01.25 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

All 9 trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.1300 to 1.1270). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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
    • Support on 01/25/2019
  • 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

DateFebruary 9, 2019 - 23:38
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.1180, beginning of uptrend is expected.
  • We make sure when the resistance at 1.1530 breaks.
  • If the support at 1.1180 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.1515 on 01/31/2019, so more gains to resistance(s) 1.1430 and maximum to Major Resistance (1.1530) 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 41.

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) new Sat, 11 Jul 2020
Euro / US Dollar (EURUSD) Sat, 4 Jul 2020
Euro / US Dollar (EURUSD) Sat, 27 Jun 2020
Euro / US Dollar (EURUSD) Sat, 20 Jun 2020
Euro / US Dollar (EURUSD) Sat, 13 Jun 2020