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 Time7/2/24 7:26 AM
Direction Sell
Status Closed (1.0770)
7:26
7:26
Jul. 2, 2024
Forecast
-50 p
1.0770
Stop Loss
1.0720
Entry
+55 p
1.0665
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. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
  3. Price broke through the MVP line and rushed down. We consider this a sign for further EURUSD price decrease.
  4. 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 - 1.0665
    index: 1x 0.049371957778931s
t_/pages/forecast: 1x 0.045509815216064s
t_/common/header-new: 1x 0.029362916946411s
t_/common/head: 1x 0.024448871612549s
t_/common/footer-new: 1x 0.0042669773101807s
router_page: 1x 0.0019361972808838s
router: 1x 0.0010459423065186s
t_/popups/on-download: 1x 0.0008699893951416s
t_/common/cookie-banner: 1x 0.00058412551879883s
service-routes: 1x 0.00043582916259766s
t_/blocks/sidebar-afil: 1x 0.00030803680419922s
router_redirection: 1x 0.00023603439331055s
t_/popups/zoom: 1x 3.2186508178711E-5s
----- END OF DUMP (2024-09-08 00:45:09)  -----