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

June 30, 2021 8:08:53 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.5875)
8:06
8:06
Jun. 30, 2021

+75 p
1.5900
Target 1
1.5825
Entry
-75 p
1.5750
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 activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
  4. Price broke through the MVP line and rushed up. We consider this a sign for further EURAUD price increase.
  5. We are focused on the breakdown of the previous peak, the target at the level of 1.59.