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ForecastCity_ME
Jun 4, 2021 8:36 AM

πŸ’‘Don't miss the great sell opportunity in EURUSDΒ Short

Euro Fx/U.S. DollarFXCM

Description

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Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.2150).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. EURUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 30.

Take Profits:
TP1= @ 1.2055
TP2= @ 1.1985
TP3= @ 1.1950
TP4= @ 1.1835

SL: Break Above R2

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Comments
Kapil-Mittal
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Thanks for the chart, great trade setup
ForecastCity_ME
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@ikapilmittal, You're very welcome! We hope you enjoy it.
yusufipek1989
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thanks for sharing.
ForecastCity_ME
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@yusufipek1989, You're very welcome! We hope you enjoy it.
Megan_forex
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Very nice chart.
ForecastCity_ME
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@Megan_forex, Thank you for your comment. We appreciate it.
Sophi2018
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Nice idea.
ForecastCity_ME
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@Sophi2018, Thank you for your comment. We appreciate it.
Fx-Investmentt
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Great analyze!
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