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Don't miss the great buy opportunity in EURUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.1270). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 63. Take Profits: TP1= @ 1.1315 TP2= @ 1.1345 TP3= @ 1.1450 SL= @ 1.1230
Long
by ForecastCity_EU
Don't miss the great buy opportunity in EURUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.1255). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 72. Take Profits: TP1= @ 1.1325 TP2= @ 1.1420 TP3= @ 1.1510 SL= @ 1.1200
Long
by ForecastCity_EU
EURUSD + GBPUSDEURUSD 1.1216 major support The euro currency is attempting to correct higher against the US dollar in early week trading, amidst quiet market conditions. Technical indicators on the lower time frames have now corrected from oversold conditions, with EURUSD the pair still struggling to break past the 1.1250 resistance level. Sellers need to breach the 1.1216 support level to further encourage selling towards critical weekly support, at 1.1175. The EURUSD pair is intraday bearish while trading below the 1.1250 level, key technical support is found at the 1.1216 and 1.1175 levels. If the EURUSD pair trades above 1.1250 level, key intraday resistance is found at the 1.1280 and 1.1300 levels. GBPUSD bears targeting 1.2940 The British pound currency has opened the new trading week under pressure against the US dollar following a bearish weekly price close below the 1.2985 level. The 1.2940 level is the next downside target for sellers, with the 1.2880 level the overall downside objective. Only a sustained move above the 1.3030 level can negate intraday selling pressures surrounding the GBPUSD pair. The GBPUSD pair is heavily bearish while trading below the 1.2985 level, key support is found at the 1.2940 and 1.2880 levels. If the GBPUSD pair trades above 1.2985 level, key intraday resistance is found at the 1.3000 and 1.3030 levels.
by OctaFX_Official
A trading opportunity to buy in EURUSDMidterm forecast: While the price is above the support 1.1300, beginning of uptrend is expected. We make sure when the resistance at 1.1615 breaks. If the support at 1.1300 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. The RSI bounced from the uptrend #1 and it prevented price from more losses. The RSI downtrend #2 is broken, so the probability of beginning of uptrend is increased. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 38. Trading suggestion: Price is in the Buy Zone (1.1430 to 1.1300). 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) Ending of entry zone (1.1300) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1 : @1.1510 TP2 : @1.1615 TP3 : @1.1715 TP4 : @1.1800 TP5 : @1.1925 TP6 : @1.2075 TP7 : @1.2205 TP8 : @1.2555 TP9 : Free
Long
by ForecastCity