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

May 7, 2019 5:57:19 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.118)
5:55
5:55
May 7, 2019

+30 p
1.1240
Target 1
1.1210
Entry
-29 p
1.1180
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended
  1. The Current Ratios indicator, which serves as a quick assessment of market sentiment, currently signals long.
  2. The Ratios indicator demonstrates a change in the ratio of players in the market towards buyers. Their increase while the trend is still going downwards may indicate the activity of averaging traders. This can only serve as "fuel" for further downtrend.
  3. 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 our take profit according to our forecast.