EURAUD - Upward trend will continue, Long trade by market price recommended

June 20, 2019 9:42:59 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.636)
9:38
9:38
Jun. 20, 2019

+69 p
1.6400
Target 2
+40 p
1.6370
Target 1
1.6330
Entry
-40 p
1.6290
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. There is an increase in the number of bears on the downward movement, followed by correction. We consider this movement as a trap for sellers and look forward for a continuation of the uptrend.
  3. The first target is at the level of the previous peak - 1.637, and the second one, in case of an active price increase, is at the level - 1.64