- According to the most brokers’ data, more than half of the traders are currently in long positions on EURUSD. As a result, we recommend considering only Short trades at this time.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- The present level of MVP, which is above the current price, favors Sell Orders.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
- The SLC indicator displays the levels where there are Stop Losses acting as targets for our trading idea.
EURUSD - Downward trend will continue, Short trade by market price recommended
August 4, 2022 6:34:17 AM
Forecast Details
PairEURUSD
Direction
Sell
StatusClosed (1.0220)
-55 p
1.0220
Stop Loss
1.0165
Entry
+55 p
1.0110
Target 1
Chart & Analyst Comments
