EURAUD - Upward trend will continue, Long trade by market price recommended
January 14, 2020 7:35:19 AM
Forecast Details
PairEURAUD
Direction
Buy
StatusClosed (1.614)
+84 p
1.6225
Target 2
+60 p
1.6200
Target 1
1.6140
Entry
-60 p
1.6080
Stop Loss
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- Majority of traders are still holding onto Shorts. This means we should continue to Buy EURAUD.
- 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.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- Here is the crucial stop loss level to serve as a goal for our Buy trade idea.