EURAUD - Downward trend will continue, Short trade by market price recommended
June 3, 2020 8:54:35 AM
Forecast Details
PairEURAUD
Direction
Sell
StatusClosed (1.6165)
-90 p
1.6350
Stop Loss
1.6260
Entry
+94 p
1.6165
Target 1
+124 p
1.6135
Target 2
About Author
Alexander Zorevyk
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 6
Buy or Sell
Chart & Analyst Comments
For today's forecast, we recommend a Sell Order at this recommended market price - 1.626. This idea is based on the following analysis:
- According to the most brokers’ data, more than half of the traders are currently in long positions on EURAUD. As a result, we recommend considering only Short trades at this time.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- MVP line is above the price and acts as a resistance level.
