- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- Analyzing the positions ratio, we see that most traders are currently in Longs, which also combined with the original idea.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- The first target is at the level of the previous bottom - 1.4845, and the second one, in case of an active price decrease, is at the level - 1.4815
EURAUD - Downward trend will continue, Short trade by market price recommended
June 1, 2022 10:19:04 AM
Forecast Details
PairEURAUD
Direction
Sell
StatusClosed (1.4815)
-60 p
1.4965
Stop Loss
1.4905
Entry
+60 p
1.4845
Target 1
+90 p
1.4815
Target 2
Chart & Analyst Comments
