EURAUD - Upward trend will continue, Long trade by market price recommended
June 21, 2021 8:22:53 AM
Forecast Details
PairEURAUD
Direction
Buy
StatusClosed (1.5865)
+85 p
1.5935
Target 2
+65 p
1.5915
Target 1
1.5850
Entry
-75 p
1.5775
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 6
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Chart & Analyst Comments
- According to the most brokers’ data, more than half of the traders are currently in short positions on EURAUD. As a result, we recommend considering only Long trades at this time.
- The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
- MVP line is below the price and acts as a support level.
- The first target is at the level of the previous peak - 1.5915, and the second one, in case of an active price increase, is at the level - 1.5935
