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

Jacob Powell on FXSSI Jacob Powell Expert
main-buy-market-trend-1
Forecast Details
PairEURUSD
Publication Time10/5/20 8:21 AM
Direction Buy
Status Closed (1.1795)
8:16
8:16
Oct. 5, 2020
Forecast
+80 p
1.1815
Target 2
+60 p
1.1795
Target 1
1.1735
Entry
-65 p
1.1670
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on EURUSD. As a result, we recommend considering only Long trades at this time.
  2. The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
  3. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  4. MVP line is below the price and acts as a support level.
  5. The first target is at the level of the previous peak - 1.1795, and the second one, in case of an active price increase, is at the level - 1.1815
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