I share my forecast.
Regarding last week forecast, price is following the prediction of selling over resistance 1,2260 for a correction down.
Levels for this week are on the chart.
STRATEGY: Although the pair is in an uptrend, hold shorts towards profit target 1,2120 or closely. If pair turns round before and breaks resistance 1,2310 open longs towards 1,2400/1,2435. Once the price enters in the buy zone, try longs with stop loss at 1,2040. If price breaks 1,2040, uptrend will end and drive the price towards 1,1890.
Hope this forecast helps you to match it with your analysis.
Remember to do your homework and take your own decisions.
Regarding last week forecast, price is following the prediction of selling over resistance 1,2260 for a correction down.
Levels for this week are on the chart.
STRATEGY: Although the pair is in an uptrend, hold shorts towards profit target 1,2120 or closely. If pair turns round before and breaks resistance 1,2310 open longs towards 1,2400/1,2435. Once the price enters in the buy zone, try longs with stop loss at 1,2040. If price breaks 1,2040, uptrend will end and drive the price towards 1,1890.
Hope this forecast helps you to match it with your analysis.
Remember to do your homework and take your own decisions.
Note
FORECAST REPLACED BY NEXT IDEA
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.