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EURUSD - Downward trend will continue, Short trade by market price recommended

Jacob Powell on FXSSI Jacob Powell Expert
main-sell-market-trend-1
Forecast Details
PairEURUSD
Publication Time3/3/26 8:29 AM
Direction Sell
Status Closed (1.1585)
8:29
8:29
Mar. 3, 2026
Forecast
-50 p
1.1685
Stop Loss
1.1635
Entry
+50 p
1.1585
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  3. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  4. The risk/reward ratio allows you to set Take Profit at the same level where the SLC indicator signals that there are Stop orders - 1.1585
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