- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- The first target is at the level of the previous bottom - 1.5635, and the second one, in case of an active price decrease, is at the level - 1.56
EURAUD - Downward trend will continue, Short trade by market price recommended
October 18, 2021 10:39:14 AM
Forecast Details
PairEURAUD
Direction
Sell
StatusClosed (1.5600)
-70 p
1.5760
Stop Loss
1.5690
Entry
+55 p
1.5635
Target 1
+90 p
1.5600
Target 2
Chart & Analyst Comments
