** TRADE AT YOUR OWN RISK **
I will be not responsible for any type of loss or profit.
Let me know in comment section if you are trading.. will be Live
** TRADE AT YOUR OWN RISK **
I will be not responsible for any type of loss or profit.
Let me know in comment section if you are trading.. will be Live
Om Namah Shivay
From Feb 2020, USD is weak to Euro. The continuous upward Journey has made the market too positive to Euro.
The market turn when the mass thinking is to another direction.
From our analysis, it appears the market is getting ready for a turn.
The RSI appears showing divergence. It does not mean market will immediately turn. Not...
Euro broke nearest resistance. Price is testing it as support. If EUR will pull back and start growing, we will can open long position. Next resistance can be our target.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance lines (1.1822 & 1.1883). 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...
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...
