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

August 8, 2019 7:09:44 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.12)
7:01
7:01
Aug. 8, 2019

+99 p
1.1300
Target 2
+64 p
1.1265
Target 1
1.1200
Entry
-60 p
1.1140
Stop Loss
Chart & Analyst Comments
EURUSD - Upward trend will continue, Long trade by market price recommended
  1. Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
  2. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  3. Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. The first target is at the level of the previous peak - 1.1265, and the second one, in case of an active price increase, is at the level - 1.13