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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
main-buy-market-trend-1
  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.
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