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EURAUD - Downward trend will continue, Short trade by market price recommended

July 18, 2022 7:59:04 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Sell
StatusClosed (1.4850)
7:59
7:59
Jul. 18, 2022

-75 p
1.4925
Stop Loss
1.4850
Entry
+60 p
1.4790
Target 1
+95 p
1.4755
Target 2
Chart & Analyst Comments
main-sell-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. We see a sharp increase in buy orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting a downward movement.
  3. MVP line is above the price and acts as a resistance level.
  4. The first target is at the level of the previous bottom - 1.479, and the second one, in case of an active price decrease, is at the level - 1.4755
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