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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 Time7/8/25 8:10 AM
Direction Buy
Status Closed (1.1690)
8:10
8:10
Jul. 8, 2025
Forecast
+65 p
1.1820
Target 1
1.1755
Entry
-65 p
1.1690
Stop Loss
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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 activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. Price broke through the MVP line and rushed up. We consider this a sign for further EURUSD price increase.
  4. Set Take profit at the local price maximum.
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