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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairEURGBP
Publication Time3/18/25 8:27 AM
Direction Buy
Status Closed (0.8390)
8:27
8:27
Mar. 18, 2025
Forecast
+30 p
0.8450
Target 1
0.8420
Entry
-30 p
0.8390
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on EURGBP. 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. MVP line is below the price and acts as a support level.
  4. Set Take profit at the local price maximum.
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