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 current ratio of trader positions, we see a formed signal that confirms our idea of buy order(s) only.
  2. The decrease in the volume of buyers, together with the increase in the volume of sellers, confirms the need to buy, according to our trading idea.
  3. Downward price movement is accompanied by reversal signals for Profit Ratio.
  4. Our first target is at the level of the previous resistance - 1.1265, and the second, in case of an active price increase, is at the level - 1.13