- 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.
- 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.
- The decrease in the sellers volume, together with the increase in the buyers volume, confirms the need to Sell according to our trading idea.
- MVP line is above the price and acts as a resistance level.
- The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
EURAUD - Downward trend will continue, Short trade by market price recommended
August 19, 2022 12:40:43 PM
Forecast Details
PairEURAUD
Direction
Sell
StatusClosed (1.4500)
-75 p
1.4645
Stop Loss
1.4570
Entry
+70 p
1.4500
Target 1
Chart & Analyst Comments
