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

September 25, 2019 12:40:19 PM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.6165)
12:38
12:38
Sep. 25, 2019

+95 p
1.6325
Target 2
+69 p
1.6300
Target 1
1.6230
Entry
-64 p
1.6165
Stop Loss
Chart & Analyst Comments
EURAUD - Upward trend will continue, Long trade by market price recommended
  1. 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.
  2. The increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
  3. This cluster of orders acts as a support. For our forecast, stop loss is reasonable to set lower than this cluster.