EURUSD - Upward trend will continue, Long trade by market price recommended
June 2, 2020 6:08:32 AM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.118)
+50 p
1.1180
Target 1
1.1130
Entry
-44 p
1.1085
Stop Loss
About Author
Jacob Powell
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 112
Buy or Sell
Chart & Analyst Comments
- According to the most brokers’ data, more than half of the traders are currently in short positions on EURUSD. As a result, we recommend considering only Long trades at this time.
- The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
- The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
- MVP line is below the price and acts as a support level.
- In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing take profit according to our forecast.
