Midterm forecast:
. While the price is above the support 1.0990, beginning of Uptrend is expected.
. We make sure when the Resistance at 1.14950 breaks.
. If the suppor at 1.0990 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
. The ascending flag taking shape suggests we will soon see another leg higher.
. While...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.0865.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.0825.
TP4: S2=1.08.
Set the stoploss of these orders at breakout of R2=1.0885.
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=1.108.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.112.
TP4: R2=1.1145.
Set the stoploss of these orders at breakout of S2=1.1065.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1135.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.118.
TP4: R2=1.12.
Set the stoploss of these orders at breakout of S2=1.1125.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1185.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.122.
TP4: R2=1.124.
Set the stoploss of these orders at breakout of S2=1.116.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1125.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1175.
TP4: R2=1.1195.
Set the stoploss of these orders at breakout of S2=1.1105.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.107.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1105.
TP4: R2=1.1125.
Set the stoploss of these orders at breakout of S2=1.106.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.1000). 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....
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.105.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1095.
TP4: R2=1.1115.
Set the stoploss of these orders at breakout of S2=1.103.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.102.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.096.
TP4: S2=1.093.
Set the stoploss of these orders at breakout of R2=1.103.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
Midterm forecast:
While the price is above the support 1.1000, beginning of uptrend is expected.
We make sure when the resistance at 1.1450 breaks.
If the support at 1.1000 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI downtrend #1...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.116.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1225.
TP4: R2=1.1245.
Set the stoploss of these orders at breakout of S2=1.114.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.114.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.119.
TP4: R2=1.1205.
Set the stoploss of these orders at breakout of S2=1.113.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1205.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1255.
TP4: R2=1.1285.
Set the stoploss of these orders at breakout of S2=1.1195.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1315.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.1265.
TP4: S2=1.124.
Set the stoploss of these orders at breakout of R2=1.1335.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
