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

March 1, 2021 8:44:47 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.55)
8:28
8:28
Mar. 1, 2021

+105 p
1.5670
Target 2
+70 p
1.5635
Target 1
1.5565
Entry
-65 p
1.5500
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on EURAUD. As a result, we recommend considering only Long trades at this time.
  2. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. The Ratios indicator demonstrates a market shift towards sellers. Their increase while the downward movement may indicate a successfully triggered trap. Possible price upward reversal.
  4. The first target is at the level of the previous peak - 1.5635, and the second one, in case of an active price increase, is at the level - 1.567