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EURUSD 30min Analysis April 7th, 2021

EUR/USD OANDA:EURUSD

Forex_League_Analysis

Trade Scenario 1: Bullish - For us to go long we need to see price retrace back to our edge of value at 1.1885. We will then wait for price to find support and enter on strong bullish setups, first targeting our edge of value around 1.1910

Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.1880. We will then wait for a retrace and for 1.1880 to act as resistance. Enter on strong bearish setups, first targeting our edge of value around 1.1855

from Trading Ideas https://ift.tt/3wu0QJX
via gqrds

💡Don't miss the great buy opportunity in USDCAD

U.S. Dollar/Canadian Dollar FX:USDCAD

ForecastCity_World

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.25400).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. USDCAD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.

Take Profits:
TP1= @ 1.27350
TP2= @ 1.28300
TP3= @ 1.29550
TP4= @ 1.31000
TP5= @ 1.34200

SL= Break below S2

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