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 0.030736923217773s
t_/pages/forecast: 1x 0.028385877609253s
t_/common/header-new: 1x 0.018471956253052s
t_/common/head: 1x 0.013641119003296s
t_/common/footer-new: 1x 0.0022318363189697s
router_page: 1x 0.00079798698425293s
router: 1x 0.00073099136352539s
t_/popups/on-download: 1x 0.00045108795166016s
t_/common/cookie-banner: 1x 0.00034999847412109s
service-routes: 1x 0.00024294853210449s
t_/blocks/sidebar-afil: 1x 0.00017404556274414s
router_redirection: 1x 0.00013399124145508s
t_/popups/zoom: 1x 1.0013580322266E-5s
----- END OF DUMP (2025-07-24 06:06:07)  -----