- 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 last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- Price broke through the MVP line and rushed up. We consider this a sign for further EURUSD price increase.
- We are setting the take profit of our Buy Order to the closest level with a large number of stop losses.
Chart & Analyst Comments
