The euro currency continues to edge higher against the US dollar in early Tuesday trade, following a breakout above the 1.1250 level. If buyers hold price above the 1.1250 level the EURUSD pair faces strong weekly technical resistance from the 1.1280 level. Both the Momentum and the MACD indicators on the four-hour time frame are correcting from oversold...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.129. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1325. TP4: R2=1.1345. Set the stoploss of these orders at breakout of S2=1.128. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Trade with > 70% probability: BUY LON @ 1,1311, STOP-LOSS @ 1,1297
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1415. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.135. TP4: S2=1.13. Set the stoploss of these orders at breakout of R2=1.143. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.144. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.15. TP4: R2=1.155. Set the stoploss of these orders at breakout of S2=1.1425. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...