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
-45 p
1.1085
Stop Loss
About Author
Jacob Powell
Expert
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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.
