EURAUD - Upward trend will continue, Long trade by market price recommended
August 1, 2019 12:33:14 PM
Forecast Details
PairEURAUD
Direction
Buy
StatusClosed (1.618)
+40 p
1.6180
Target 1
1.6140
Entry
-45 p
1.6095
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 4
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Chart & Analyst Comments
- The Current Ratios indicator, which serves as a quick assessment of market sentiment, currently signals long.
- We observe an increase in sellers both in the upward movement and corrective movements. Retail traders still believe in the possibility of falling prices.
- These stop losses of market participants coincide with the level of the previous high. This level will serve as the target for our trade.