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

February 8, 2022 7:48:57 AM by Jacob Powell
Forecast Details
PairEURUSD
Direction Buy
StatusClosed (1.1425)
7:47
7:47
Feb. 8, 2022

+100 p
1.1500
Target 2
+75 p
1.1475
Target 1
1.1400
Entry
-70 p
1.1330
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 Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  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. There are no more buyers above the current price who can hold back the upward movement.
  5. The SLC indicator displays a cluster of Stop Losses and Stop orders at the previous high level, which according to our forecast, is good for placing Take Profit.
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