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

December 3, 2019 5:28:49 PM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1085)
17:23
17:23
Dec. 3, 2019

+55 p
1.1140
Target 1
1.1085
Entry
-50 p
1.1035
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
  2. We see a sharp increase in sell orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting an upward movement.
  3. The price increase will be accompanied by the trigger of market crowd’s stop losses, which in turn will serve as a "fuel" for the upward movement.