- 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.
- The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- There are no more buyers above the current price who can hold back the upward movement.
- 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.
Chart & Analyst Comments
