Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (7.4706). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURTRY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 71.
Take Profits:
TP1= @ 7.5998
TP2= @ 7.6507
TP3= @ 7.8517
SL= Break below S2
. There is a possibility of temporary retracement to suggested support line (7.4706). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURTRY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 71.
Take Profits:
TP1= @ 7.5998
TP2= @ 7.6507
TP3= @ 7.8517
SL= Break below S2