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

July 2, 2019 9:04:24 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.129)
8:57
8:57
Jul. 2, 2019

+40 p
1.1335
Target 1
1.1295
Entry
-44 p
1.1250
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended
  1. The activity of "fresh" sellers in a downward movement may indicate that the market expects a bearish trend to continue. However, according to our analysis, this movement is corrective and we expect a price hike to the top.
  2. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  3. Stop loss is properly taken out of the sellers cluster. If the price passes it, it is very likely to go on.