EN

EURUSD - Downward trend will continue, Short trade by market price recommended

Jacob Powell on FXSSI Jacob Powell Expert
main-sell-market-trend-1
Forecast Details
PairEURUSD
Publication Time8/2/24 7:12 AM
Direction Sell
Status Closed (1.0825)
7:12
7:12
Aug. 2, 2024
Forecast
-35 p
1.0825
Stop Loss
1.0790
Entry
+30 p
1.0760
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. 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.
  2. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  3. The trade is aimed at the previous low breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 1.076
    index: 1x 0.071314096450806s
t_/pages/forecast: 1x 0.068114042282104s
t_/common/header-new: 1x 0.048912048339844s
t_/common/head: 1x 0.037132024765015s
t_/common/footer-new: 1x 0.0042881965637207s
router: 1x 0.0012228488922119s
router_page: 1x 0.0010750293731689s
t_/common/cookie-banner: 1x 0.00083088874816895s
t_/popups/on-download: 1x 0.00080704689025879s
t_/blocks/sidebar-afil: 1x 0.00058817863464355s
service-routes: 1x 0.00055122375488281s
router_redirection: 1x 0.00038290023803711s
t_/popups/zoom: 1x 4.7922134399414E-5s
----- END OF DUMP (2025-05-09 05:45:05)  -----