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.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI downtrend #1 is...
EUR/USD: performed only +1.53% for the year 2018, in which 16th February 2018 top 1.2557 consider to be the year top whereas 12th November 2018 bottom 1.1214 consider to be year low. EUR/USD completed (+or-) 1343 pip.
If it breaks 1.1491
Buy @t Entry: 1.1491
Stop Loss: 1.1234
Target 1: 1.1523
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:
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...