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

July 7, 2020 1:19:34 PM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1350)
13:14
13:14
Jul. 7, 2020

+60 p
1.1350
Target 1
1.1290
Entry
-65 p
1.1225
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 last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. MVP line is below the price and acts as a support level.
  4. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing take profit according to our forecast.
    index: 1x 0.048247098922729s
t_/pages/forecast: 1x 0.044983863830566s
t_/common/header-new: 1x 0.030609130859375s
t_/common/head: 1x 0.025306940078735s
t_/common/footer-new: 1x 0.0025491714477539s
router_page: 1x 0.0018420219421387s
router: 1x 0.00093698501586914s
t_/popups/on-download: 1x 0.00067400932312012s
service-routes: 1x 0.00043487548828125s
router_redirection: 1x 0.00017309188842773s
t_/popups/zoom: 1x 4.3153762817383E-5s
----- END OF DUMP (2021-12-01 16:09:12)  -----