Excellent Long-Term Hunting Opportunity in EURUSD, Don't miss it
568
Trading suggestion: Price is in the resistance zone (1.2020 to 1.2090), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (1.2020) .Ending of entry zone (1.2090)
Technical analysis: .A peak is formed in daily chart at 1.2080 on Tue, 01/02/2018, so more losses to support(s) 1.2020, 1.1960, 1.1875 and to more depths 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 64. .Current short-term is range bound, but resumption of downtrend is expected.