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 Ratios indicator, which serves as a quick assessment of market sentiment, currently signals long.
  2. We observe an increase in sellers both in the upward movement and corrective movements. Retail traders still believe in the possibility of falling prices.
  3. These stop losses of market participants coincide with the level of the previous high. This level will serve as the target for our trade.