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

October 5, 2020 8:21:20 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1795)
8:16
8:16
Oct. 5, 2020

+80 p
1.1815
Target 2
+60 p
1.1795
Target 1
1.1735
Entry
-65 p
1.1670
Stop Loss
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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