For today's forecast, we recommend a Buy Order at this recommended market price - 1.6205. This idea is based on the following analysis:
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- The idea of this Buy forecast is based on a long-term upntrend, which is confirmed by the MVP indicator dynamics.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.