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: 0
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Chart & Analyst Comments
- The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
- 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.
- 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.