EURUSD - Upward trend will continue, Long trade by market price recommended

June 5, 2019 5:18:35 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.13)
5:15
5:15
Jun. 5, 2019

+40 p
1.1300
Target 1
1.1260
Entry
-39 p
1.1220
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended

For today's forecast, we recommend a Buy Order at this recommended market price - 1.126. This idea is based on the following analysis:

  1. According to the Current Ratio indicator, the market crowd inclined to believe in a downward movement. We recommend Long trade for today.
  2. The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  3. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  4. Visually assessing the ratio of buyers and sellers, we see that retail sellers dominate on the market. This fact favors the Long Orders.