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

January 5, 2022 6:35:36 AM by Jacob Powell
Forecast Details
Direction Sell
StatusClosed (1.1295)
Jan. 5, 2022

-60 p
Stop Loss
+55 p
Target 1
+80 p
Target 2
Chart & Analyst Comments
  1. 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.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  4. MVP line is above the price and acts as a resistance level.
  5. The first target is at the level of the previous bottom - 1.124, and the second one, in case of an active price decrease, is at the level - 1.1215
    index: 1x 0.037899971008301s
t_/pages/forecast: 1x 0.034225940704346s
t_/common/header-new: 1x 0.021069049835205s
t_/common/head: 1x 0.01717209815979s
t_/common/footer-new: 1x 0.002795934677124s
router_page: 1x 0.0015699863433838s
router: 1x 0.00078415870666504s
t_/popups/on-download: 1x 0.00056910514831543s
service-routes: 1x 0.00035691261291504s
router_redirection: 1x 0.00018000602722168s
t_/popups/zoom: 1x 1.4781951904297E-5s
----- END OF DUMP (2023-01-31 10:35:01)  -----