EURAUD - Upward trend will continue, Long trade by market price recommended

August 1, 2019 12:33:14 PM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.618)
12:29
12:29
Aug. 1, 2019

+40 p
1.6180
Target 1
1.6140
Entry
-45 p
1.6095
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
  2. The increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
  3. These accumulation of retail traders stop losses coincide with the level of the previous high. This level will serve as the target for our trade.