EURUSD - Upward trend will continue, Long trade by market price recommended
October 5, 2020 8:21:20 AM
Forecast Details
PairEURUSD
Direction
Buy
StatusClosed (1.1795)
+80 p
1.1815
Target 2
+60 p
1.1795
Target 1
1.1735
Entry
-65 p
1.1670
Stop Loss
About Author
Jacob Powell
Expert
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Total votes: 43
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Chart & Analyst Comments
- 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.
- The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- MVP line is below the price and acts as a support level.
- 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
