- 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 activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
- Price broke through the MVP line and rushed up. We consider this a sign for further EURAUD price increase.
- We are focused on the breakdown of the previous peak, the target at the level of 1.59.
EURAUD - Upward trend will continue, Long trade by market price recommended
June 30, 2021 8:08:53 AM
Forecast Details
PairEURAUD
Direction
Buy
StatusClosed (1.5875)
+75 p
1.5900
Target 1
1.5825
Entry
-75 p
1.5750
Stop Loss
Chart & Analyst Comments
