EURUSD - Upward trend will continue, Long trade by market price recommended
December 3, 2019 5:28:49 PM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.1085)
+55 p
1.1140
Target 1
1.1085
Entry
-50 p
1.1035
Stop Loss
About Author
Jacob Powell
Expert
Related Links
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Total votes: 118
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Chart & Analyst Comments
- The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
- 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.
- 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.
