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

Jacob Powell on FXSSI Jacob Powell Expert
main-buy-market-trend-1
Forecast Details
PairEURUSD
Publication Time7/8/24 7:55 AM
Direction Buy
Status Closed (1.0865)
7:55
7:55
Jul. 8, 2024
Forecast
+35 p
1.0865
Target 1
1.0830
Entry
-40 p
1.0790
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. MVP line is below the price and acts as a support level.
  3. The trade is aimed at the previous high breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 1.0865
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
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