- 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.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- MVP line is above the price and acts as a resistance level.
- 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
EURUSD - Downward trend will continue, Short trade by market price recommended
January 5, 2022 6:35:36 AM
Forecast Details
PairEURUSD
Direction
Sell
StatusClosed (1.1295)
-60 p
1.1355
Stop Loss
1.1295
Entry
+55 p
1.1240
Target 1
+80 p
1.1215
Target 2
Chart & Analyst Comments
