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Eurodollar

EURO USD 60 minIn relation to earlier long term outlook and daily outlook, now refer to 60 min chart to under behaviour. the 60 min chart has a swing bottom emerge from the daily chart 23.6% retracement. Further weakness is below the swing bottom of 60 min 1.1950. A correction of the rise from 1.1950 to 1.2050. If immediately is rushes up then expect a swing to be in progress. Retracement if happens to 1.20117 1.999/1.9870 could be opportunity. RSI is now in overbought zone therefore correction to retracement could provide better entry consider the long term (c) structure to have resumed. Current movement could be ii of (c). It could be possible that 1.19 is not violated and test the retracement of 1.2011-1.999-1.9870 and moves higher that iii of (c) would begin for rally as mentioned in earlier monthly picutre outlook
by hitendravasudeo
EURO USDResistance is at 1.219-1.256 It is also the supply zone. Recent peak of 1.235 was formed and reacted towards the 23.6% retracement of the rise from 1.063 to 1.235. Support is at 1.192. Further correction is below 1.192 to test 38.2% retracement or below. It looks to be long term (a)(b)(c) structure. A (c) structure may have opened up. Correction can be ii of (c) to eventually cross the resistance at some point of time. When ever breakout above 1.235 is witnessed then expect rally towards 1.289-1.428 or test 38%/50%/61.8% pullback of the historical fall from 1.60 to 1.03 as shown in the chart.
by hitendravasudeo
💡 Don't miss the great sell opportunity in EURUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.2285). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 40 . Take Profits: TP1= @ 1.2175 TP2= @ 1.2065 TP3= @ 1.1990 TP4= @ 1.1915 TP5= @ 1.1765 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
3
Don't miss the great sell opportunity in EURUSDTrading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.1952 & 1.1917). 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 downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. Take Profits: TP1= @ 1.1753 TP2= @ 1.1688 TP3= @ 1.1588 TP4= @ 1.1490 TP5= @ 1.1170 SL: Break Above R3 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
6
Don't miss the great sell opportunity in EURUSDTrading suggestion: . There is a possibility of temporary retracement to suggested Resistance line (1.1819). 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 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= @ 1.1750 TP2= @ 1.1708 TP3= @ 1.1626 TP4= @ 1.1562 TP5= @ 1.1463 SL= Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
8
There is possibility for the beginning of an up trend in EURUSDMidterm 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 the RSI uptrend #1 is not broken, bullish wave in price would continue. . A peak is formed in daily chart at 1.1350 on 06/23/2020, so more losses to support(s) 1.1145 and minimum to Major Support (1.0990) is expected. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index ( RSI ) is 53. Supports and Resistances: S1= 1.1145 S2= 1.0990 S3= 1.0880 S4= 1.0765 S5= 1.0635 R1= 1.1345 R2= 1.1495 R3= 1.1570 R4= 1.1725 R5= 1.1865
Long
by ForecastCity_EU
10
EURUSD Intraday ForecastAs 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 R2=1.0885. In this situation, there is an expectation to reach the target R3=1.096. Set the stoploss of reverse orders at breakout of R1=1.0865. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity_EU
EURUSD Intraday ForecastAs 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 S2=1.1065. In this situation, there is an expectation to reach the target S3=1.0995. Set the stoploss of reverse orders at breakout of S1=1.108. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
1