EURAUD - Upward trend will continue, Long trade by market price recommended
July 12, 2019 6:42:33 AM
Forecast Details
PairEURAUD
Direction
Buy
StatusClosed (1.6)
+160 p
1.6255
Target 2
+100 p
1.6195
Target 1
1.6095
Entry
-94 p
1.6000
Stop Loss
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- The first target is at the level of the previous peak - 1.6195, and the second one, in case of an active price increase, is at the level - 1.6255