For today's forecast, we recommend a Sell Order at this recommended market price - 1.1565. This idea is based on the following analysis:
- According to the most brokers’ data, more than half of the traders are currently in long positions on EURUSD. As a result, we recommend considering only Short trades at this time.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- The number of profitable sellers has exceeded 75%. The downtrend is in its active phase. This confirms potential for a Short trade.
- MVP line is above the price and acts as a resistance level.
- The first target is at the level of the previous bottom - 1.151, and the second one, in case of an active price decrease, is at the level - 1.149